How Payments Work in Anchor
Getting paid through Anchor typically takes 2–3 business days, depending on the payment method.
Payments go through two main stages: Processing and Collected. Understanding these stages helps you know when funds are on the way and when to expect them in your bank account.
Processing
This is the stage where Anchor attempts to pull funds from your client and move them into your Anchor wallet.
During this time, the payment is being cleared by the bank or card network and is not yet available for payout.
ACH (Bank Transfer): Processing typically takes 2–3 business days.
Credit Card: Processing happens immediately.
Collected
Once processing is complete, the payment status changes to Collected.
This means the funds have successfully reached your Anchor wallet and are queued for payout to your bank account.
Payout Timing
ACH payments (bank account) - All collected funds are distributed daily at 1:00 PM PST and typically appear in your bank account by around 3:00 PM PST the same day.
Credit card - All collected funds are distributed two days after collection at 5:00 PM PST and typically appear in your bank account by around 7:00 PM PST the same day.