How do supplier payouts work?

When using Cloudfloat, you have two payment methods available: Account-to-Account transfers or the Cloudfloat Wallet, which we highly recommend for faster processing.

• Cloudfloat Wallet: This method allows you to pay your suppliers in real time, while you repay us in instalments. Unlike traditional methods, there’s no 24-48 hour processing delay as funds are immediately released to your supplier. However, the supplier's bank may still take up to 48 hours to verify and release the funds into their account.
• Account-to-Account: Traditional business transactions can take up to 5 business days to clear, and even longer if the transaction is initiated over the weekend or during holidays.

We’re constantly upgrading our product to improve speed and efficiency. Soon, users will enjoy near-instant settlements using the Cloudfloat Wallet, making your payment experience even smoother and faster.