The Settlement cycle is the process of moving funds from your customer’s bank account to yours after a sale. This guide explains the different payout frequencies available at Teya, and how to change them.
Settlement frequency options
Teya offers four options for how often you receive your funds. You can choose the frequency that best suits your cash flow needs.
| Frequency | When you get paid | Cost | Eligibility |
|---|---|---|---|
| Instant | The moment a sale happens. Funds land immediately in your Teya Business Account. | +0.2% on your transaction rate | Requires Teya Business Account. Pay By Link transactions are not eligible. |
| Everyday | Every day, including weekends and bank holidays. Payouts typically arrive between 8 AM and 5 PM. | +0.1% on your transaction rate | Everyone |
| Business Day | Monday to Friday (excluding bank holidays). Payouts typically arrive between 8 AM and 5 PM. | Standard rate (No extra fee) | Everyone |
| Scheduled | Choose when your funds will be settled to best suit your business (3, 7, 14, or 30 days after each sale). Payouts on business days only. | Standard rate (No extra fee) | Everyone |
How to change your Settlement frequency
You can update your payout preference directly in the Teya app.
- Open the Teya app and go to Settlements.
- Tap View All Settlements > Settlement preferences.
- Select your desired frequency.
- Tap Continue to review the fee adjustment.
- Tap Apply Now to confirm.
New preferences typically become active the following day at 03:30 AM.