Settlement periods – getting paid

Standard settlement terms

Standard settlement times for most Barclaycard Payments products is within 1-2 working days.

For example: you take £100 on a Monday, tally up your sales  and authorise payment of the £100 overnight. You’ll then be paid between Tuesday and Thursday.

Settlement terms may vary depending on your Barclaycard Payments product, financial circumstances and borrowing history.

Card reader settlement terms

Next-day settlement is available for transactions taken before 7pm with Smartpay Anywhere and Smartpay Touch, and 9pm for Barclaycard Flex.

Deferred settlement

You might be on ‘deferred settlement’. This is where we hold onto the money from your transactions and release it to you after a pre-agreed number of days.

The number of days is set when you open your account, and is based on factors such as your industry and the way you trade.

We use deferred settlement to create a cash reserve, which can be used if you ever have an outstanding balance on your account. We do this to make sure your account doesn’t build up any debt, particularly in the first year of trading.

After 12 months, if you’re on deferred settlement and want to move to standard settlement terms instead, just let us know and we’ll be happy to review your account.^†

Next up, we recommend finding out How to read your statement.