Payment Settlement & Cutoff Reference
Settlement timing, processing cutoffs, return windows, and rail-specific notes for Veem partner payment flows.
Overview
All settlement times are banking day estimates unless noted. Times reference U.S. Eastern Time (ET). Actual settlement may vary based on receiving bank processing, cut-off adherence, compliance review, and market holidays.
Same day / real-time Next day / multi-day
Collections — Inbound
| Payment Rail | Settlement Timing | Processing Cutoff | Return / Reversal Window | Notes |
|---|---|---|---|---|
| ACH Debit (Pull) — Next Day | T+1 banking day | 9:00 PM ET (T) | Up to 60 days (unauthorized) Up to 2 days (NSF/admin) |
Nacha standard return window applies. Partner bears return risk per Section 6. |
| ACH Debit (Pull) — Same Day | T+0 (same banking day) | 3:00 PM ET (T) | Up to 60 days (unauthorized) Up to 2 days (NSF/admin) |
Requires Risk approval. Cut-off is hard — submissions after 2:45 PM ET process next day. Partner bears return risk. |
| ACH Credit (Push) — Collections | T+1 banking day | 11:59 PM ET (T) | Up to 5 banking days | Used where Veem credits payer-side accounts as part of a collection flow. |
| Card Acceptance (Credit / Debit) | T+0 | Continuous (24/7 authorization) | Up to 120 days (chargebacks) | Partner bears 100% of chargebacks and network fines — non-negotiable per Section 3.2. Interchange and network fees per Schedule A. |
| Wire / SWIFT — International (Collections) | T+1 to T+5 banking days (correspondent chain dependent) | 12:00 PM ET recommended (T) | Recall possible up to 10 banking days; limited once funds reach beneficiary bank | Timeline depends on currency, correspondent banks, and destination country. SWIFT GPI tracking used where available. |
| Virtual Account / IBAN | T+0 to T+1 depending on originating rail | Rail-dependent (see underlying ACH or wire) | Mirrors underlying rail return window | VBA/IBAN is a receive-only account structure. Settlement timing tracks the underlying payment rail used by the payer. |
| Stablecoin (Collections) | Near real-time (on-chain confirmation: ~1–5 min) | Continuous (24/7) | Irreversible on-chain; recall not available | Requires 3rd-party partner approval. On-chain finality is near-immediate; fiat off-ramp may add T+1. Blockchain network congestion can affect timing. |
Disbursements — Outbound
| Payment Rail | Settlement Timing | Processing Cutoff | Return / Reversal Window | Notes |
|---|---|---|---|---|
| ACH Credit — Next Day | T+1 banking day | 9:00 PM ET (T) | Up to 5 banking days (admin) Up to 60 days (unauthorized) |
Standard Nacha Credit. If Partner performs Payer Leg, Partner must fund Veem before release (Good Funds) or per settlement schedule. |
| ACH Credit — Same Day | T+0 (same banking day) | 3:00 PM ET (T) | Up to 5 banking days (admin) Up to 60 days (unauthorized) |
Requires Risk approval. Three same-day windows per Nacha rules; 2:45 PM ET is the last window cutoff. $1M per-transaction cap per Nacha. |
| RTP (Real-Time Payments) | Immediate (24/7/365) | None — always on | Final — no returns or reversals | The Clearing House RTP network. Irrevocable on receipt. $1M per-transaction limit. Recipient bank must be RTP-enabled. No returns — incorrect payments cannot be recalled. |
| Domestic Wire* | T+0 (same day, if received before cutoff) | 4:00 PM ET (T) — Fedwire 5:00 PM ET (T) — CHIPS |
Recall possible within 24 hrs; fraud recall up to 5 banking days | Fedwire and CHIPS. Same-day finality. Recall requests possible via Fed but recipient bank cooperation required. |
| Push to Debit Card | Near real-time to T+1 (network dependent) | Continuous (24/7) | Up to 120 days (chargeback) Up to 60 days (unauthorized) |
Visa Direct / Mastercard Send. Funds typically visible within 30 minutes on eligible cards. Settlement finality depends on issuer. |
| Veem Virtual Debit Card (Issuance & Funding) | Real-time (card funded on issuance) | Continuous (24/7) | Up to 120 days (chargeback) Issuer dispute window applies |
Card is funded at point of issuance. Merchant settlement occurs T+1–T+2 after card spend. Subject to Veem approval. |
| International Wire / SWIFT | T+1 to T+5 banking days (correspondent chain dependent) | 12:00 PM ET recommended (T) | Recall possible up to 10 banking days; limited once funds posted | SWIFT GPI tracking used where available. Timeline depends on currency corridor, correspondent banks, and local clearing system. Compliance holds may extend. |
| International Local Rail | T+0 to T+3 (corridor-specific) | Corridor-specific — see Schedule A | Corridor-specific — see Schedule A | Non-US domestic rails (e.g. SEPA, UPI, BECS, Interac, PromptPay). Timing and return rules governed by local scheme rules. Detail in Schedule A. |
| Stablecoin (Disbursements) | Near real-time (on-chain confirmation: ~1–5 min) | Continuous (24/7) | Irreversible on-chain; recall not available | Requires 3rd-party partner approval. Veem will identify the licensed third-party entity prior to activation per Section 3.3. |
Future Functionality
| Banking Day = any day that U.S. federal reserve banks are open for business (excludes federal holidays and weekends). Same-Day ACH is subject to a $1,000,000 per-transaction cap per Nacha rules (2024). RTP payments are irrevocable — there is no return or recall mechanism once funds are received. International timelines may be extended by sanctions screening, AML holds, correspondent bank processing, or local regulatory requirements. Stablecoin on-chain finality is near-immediate, but fiat conversion and off-ramp timing may add T+1. This table reflects Veem standard processing parameters; partner-specific terms may apply per Schedule A of the Partner Services Agreement. |
This schedule is for informational purposes only and is subject to change. Current as: May 2026
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