T+1 Invoicing
To fund your payments using the T+1 Invoicing method, follow these steps and consider Ripple's invoice schedule as outlined in the following sections.
Prerequisites
The availability for using the T+1 Invoicing method is subject to credit underwriting. You aren't permitted to process payment volumes beyond your underwritten credit limit.
Invoice schedule
We expect to issue payment invoices according to the following invoice schedule, which is subject to change.
Note:
If you have unpaid invoices, you won't be permitted to use Ripple Payments ODL.
Daily invoices
Invoices for daily invoiced customers are expected to be issued as follows:
| Invoice sent (UTC time) | Transaction cutoff time (UTC time) | Invoice details |
|---|---|---|
| Monday - Friday, 5:30 AM | 12:00 AM Sunday - Thursday | An invoice including a detailed transaction file of all transactions completed as of 12:00 AM will be sent. |
| Monday, 5:30 AM | 12:00 AM Friday - Saturday | An invoice including a detailed transaction file of all transactions completed as of 12:00 AM will be sent on Monday. |
Payment for invoices are due upon receipt of the invoice. Any repayment delays may impact the ability to make further transactions.
Semi-weekly invoices
Invoices for semi-weekly invoiced customers are expected to be issued as follows:
| Invoice sent (UTC time) | Transaction cutoff time (UTC time) | Invoice details |
|---|---|---|
| Wednesday, 5:30 AM | 12:00 AM Tuesday | An invoice including a detailed transaction file of all transactions completed as of 12:00 AM the prior Tuesday will be sent (dates included in the invoice: Monday and Tuesday). |
| Monday, 5:30 AM | 12:00 AM prior Sunday | An invoice including a detailed transaction file of all transactions completed as of 12:00 AM the prior Sunday will be sent (dates included in the invoice: Wednesday - Sunday). |
Weekly invoices
Invoices for weekly invoiced customers are expected to be issued as follows:
| Invoice sent (UTC time) | Transaction cutoff time (UTC time) | Invoice details |
|---|---|---|
| Monday, 5:30 AM | 12:00 AM prior Sunday | A weekly invoice including a detailed transaction file of all transactions completed as of 12:00 AM the prior Sunday will be sent (dates included in the invoice: Sunday - Saturday). |
All invoices
Invoices for all customers are expected to be issued as follows:
| Invoice sent (UTC time) | Transaction cutoff time (UTC time) | Invoice details |
|---|---|---|
| Tuesday - Saturday, 6:35 AM | 12:00 AM the same day | A daily statement including the net balance as of 12:00 AM the same day will be sent, if you have completed transactions in the prior day's transaction cutoff cycle. (The net balance is the prepaid amount minus the amount of processed payments plus service fees.) |
| Tuesday, 6:30 AM | 12:00 AM prior Saturday - Monday | A cumulative statement including the net balance as of 12:00 AM the prior Saturday will be sent, if you have completed transactions in the prior day's transaction cutoff cycle. (The net balance is the prepaid amount minus the amount of processed payments plus service fees.) |