Understanding Cannabis Payment Deposit Schedules

“Funds within 24 hours” is a common promise and a hard one to verify. A published business-day deposit schedule is less flashy and far more useful: you can predict exactly when money arrives and reconcile against it. Here is how to read one, and why deposits and rebates are two different things.

Deposits and rebates are separate

Transaction deposits are your transaction proceeds moving to your account on a schedule. A merchant rebate is a separate payment earned on eligible transactions. Conflating them leads to confusion at reconciliation time. Keep them mentally, and on your books, distinct.

How to read a business-day schedule

A good schedule tells you, for each transaction day, exactly when the deposit lands. The Triple G schedule is:

• Monday transactions: deposited Wednesday by end of business day
• Tuesday transactions: deposited Thursday by end of business day
• Wednesday transactions: deposited Friday by end of business day
• Thursday transactions: deposited Monday by end of business day
• Friday, Saturday, and Sunday transactions: deposited Tuesday by end of business day

Why one business day

The one business day between activity and deposit is used for processing, reconciliation, and bookkeeping. That gap is what makes the schedule dependable rather than approximate, because the work behind each deposit is actually completed.

Weekends and bank holidays

Weekends and bank holidays can extend the schedule. When a scheduled banking day falls on a bank holiday, the deposit generally moves to the next available banking day. A provider that states this plainly is easier to plan around than one that implies deposits never pause.

And the rebate

With Triple G, earned rebates are calculated separately and paid on the fifteenth day of the following month. Knowing both timelines — deposits on the business-day schedule, rebates on the fifteenth — is what lets you forecast cash with confidence.