When are pass-through payments processed immediately?
We will process pass-through payments to you for any amounts up to your credit line within one business day of receiving the payment. If you choose to receive pass-through payments via ACH, pass-through payments that are processed typically take an additional 24-48 hours to arrive at your account due to ACH transaction processing and transit times. The 24-48 hours transaction processing time is governed by the operating rules and policies of NACHA (the National Automated Clearing House Association). If you choose to receive pass-through payments via Wire, pass-through payments that are processed immediately will be in your account generally within 12 hours. You can change your payment preferences directly on your BlueVine dashboard.
When are pass-through payments not processed immediately?
Pass-through payments above your credit line will have to wait a clearing time of 5 business days before being processed to you. This could add a total of 5-7 business days in transit time for payments above your credit line, depending on whether you choose wire or ACH for your pass-through payments. The 5-7 day payment clearing time is governed by the operating rules and policies of NACHA (the National Automated Clearing House Association).
If your credit line is $15,000, and your BlueVine Account receives a pass through payment for $20,000, we will immediately pass through $15,000 to you. After the payment clears, we will pass through the remaining $5,000 to your business account. As a convenience for you, we will pass-through payments up to your credit line regardless if you're using all or only part of your credit line.
If we receive a payment from a client that you have not previously advanced through BlueVine, we will decline or cancel the transaction, return the sum to the originator, and alert you.