Customer Account Debiting

PayRecs has 2 payment scenarios that determine when funds are debited from the customer's account and placed in the settlement account.

Scenario 1 - The customer is sending USD to their recipient. In this case, the funds will not be debited from their account until the payment is approved.

Scenario 2 - The customer is sending NON-USD to their recipient. In this case, the funds will be debited from their account on creation, not on approval.

The logic behind debiting on creation for NON-USD payments is our processor is making a trade, or purchasing the foreign currency, when the payment is created in PayRecs. This allows the exchange rate to be locked at the time of creation, and not on approval. This method allows the customer to know what their rate will be upfront. Otherwise, we would only provide an estimated rate at the time of creation, and if the trade was not made, the rate would change on approval potentially resulting in an undesired rate.

Scheduled payments are the exception to these scenarios. Funds will be debited from the account on the scheduled date when the payments are created and released. More about Scheduled Payments in the link below.

For concerns of the payment being rejected after the funds have been settled with Corpay, please review the "Next Day Reject" scenario to learn how that process works here - 📄 Rejected Payments - Bank Processes