Funds will be paid out to the restaurant’s bank account 5 business days after the end of each billing cycle.

For example, a takeaway order was collected by the customer on 24 Aug 2022. This order will be grouped into the last billing cycle of the month, and it will be paid out to the restaurant’s bank account on 07 Sep 2022.

The period of 1 billing cycle for Delivery and Takeaway orders is 7 calendar days of each week, and it includes any remaining days for the 4th week of the month.

There will be 1 statement posted for each billing cycle. This statement will be available 3 business days after the end of every billing cycle (refer to the table below).

Funds will be paid out to the restaurant's bank account 4 calendar days after the reservation payment date. If the bank account transfer is scheduled on a non-business day, the transfer will be postponed and will then take place on the next business day.

For example, a reservation booking was paid by the customer on 10 Aug 2022 (Wed). The transfer was originally scheduled on 13 Aug 2022 (Sat). Instead, it will be paid out to the restaurant's bank account on 15 Aug 2022 (Mon).

The billing cycle for paid reservation tickets runs on a daily basis. This means that there will be 1 statement posted and available for viewing each day.

In oddle terminal, transactions are grouped in batches. Funds will be paid out to the restaurant's bank account 1 calendar day after the batch is ended. If the bank account transfer is scheduled on a non-business day, the transfer will be postponed and will take place on the next business day.

For example, if you ended a batch on 15 Feb 2024 (Thu), the funds in that batch will be paid out on 16 Feb 2024 (Fri). For a batch that is ended on 16 Feb 2024 (Fri), the funds will be paid out on 18 Feb 2024 (Mon).

For every batch that is started, there will be a billing statement available on the next day.

💭 Have more questions? Contact our Product Support Team at [email protected].