No, we will not consider it as a late payment. We allow a few days for pending payments to process though. It typically takes 3-5 business days for the payments to reflect in your Stilt profile.
The time it takes for deducting a payment depends on the day of the week when payment was posted. If a payment is posted on a Friday after 3 pm for the same day, it will be deducted from your account the next Tuesday and reflected on your account by Friday.
Stilt deducts payments using ACH (Automated Clearing House) system which takes at least 2 business days to settle the payments. It takes at least one business day to deduct the funds.
*There could be additional delays due to public and bank holidays.
If you have any questions about posted payments on your account, feel free to reach out to us at email@example.com.