Why do payment times vary by region/country?

Direct debit in all countries is architected using one or more clearing house associations. In each country/region, the governing body and other bank-only associations control and process all credits and debits to bank accounts. For example, in the US, NACHA (National Automated Clearinghouse Association) manages the ACH network, the backbone of electronic money movement in the United States. Examples of different clearing house models include:

• ACH Direct Debits

• Single Euro Payments Area (SEPA)

• Direct Debit UK (BACS)

• Autogiro (SEK)

• Canadian Pre-Authorized Debit (PAD)

Due to the different clearing house models (in different countries) and their processing time to debit one party and credit the other, direct debit takes anywhere from 2-7 days. Capchase has no control over the standard amount of time each governing clearing house association takes to:

• Debit the buyer's account

• Credit our account

• Return a direct debit failure response

If you have any questions, please reach out to us at support@capchase.com.