-Direct Deposit. Vs. Check
Events choosing checks as their payment method receive one post-event payment as outlined below in the Standard Disbursement Schedule.
Choosing Direct Deposit allows you to opt in to all payment schedules and request payments at any time. This is the preferred method of payment.
-Standard Disbursement Schedule (Checks)
Our standard check payment schedule is to issue one entry fee disbursement. The final check is sent the Monday AFTER your event's online registration closes for remaining entry fees received. Additional checks can be requested for a $10 fee per additional check. For more flexibility in payments, choose direct deposit for payment method.
-Standard Disbursement Schedule (Direct Deposit)
Our standard direct deposit payment schedule is to issue three to four entry fee disbursements. The first disbursement is sent TWO Mondays BEFORE your online registration closes. The second disbursement is sent the Monday BEFORE your online registration closes. The final payment is sent the Monday AFTER your event's online registration closes for remaining entry fees received. NOTE - Disbursements are calculated at 12:15 AM ET.
If you receive registrations totaling $500.00 or more after your second Monday disbursement, we will also process a deposit on the Thursday BEFORE the event.
-Monthly Disbursement Schedule (Direct Deposit Only)
Disbursements are sent on the last day of each month. This schedule works well for events which receive the bulk of their entries over a span of several months rather than during the few weeks leading up to the event. Good examples of events which would benefit from this schedule are club memberships and popular events where participants sign up many months in advance.
-Direct Deposit Biweekly Disbursement Schedule (Direct Deposit Only)
Disbursements are sent on the first and third Monday of each month.
-Weekly Disbursement Schedule (Direct Deposit Only)
Disbursements are sent on Monday each week.
Note: Weekly, Bi-weekly or monthly disbursements will only be issued if your event balance is greater than $100. If less than minimum, the balance will be rolled into your next disbursement.
You can set your events to any disbursement schedule within the "Event Payment" section as long as your event is set to receive direct deposit disbursements. If your event receives check disbursements, you can only use the standard disbursement schedule.
-Additional Disbursements (Direct Deposit Only)
Additional pre-event disbursements can be generated on demand in the Event Payment Center for payees utilizing direct deposit. Payments will be processed and sent the next business day.