# 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.) |