Float Reimbursements allows you to directly issue CAD reimbursement payments from your Float balance to your employees. Read on for information on paying reports from your pre-funded Float balance and the processing times.
Pay From Float Balance
Reimbursements are paid directly from your pre-funded Float balance. To ensure you have a balance on-hand to pay out reimbursements, have your funding source connected, your balance topped up and consider enabling Auto-Funding. See these guides:
Connecting CAD Bank Accounts to Float
Auto-Funding your business' Float balance
Pay from Float Balance is not currently supported for Charge customers. Charge customers can pay reimbursements externally and mark as paid in Float.
Payment Processing Time
Since reimbursements are paid via EFT from your Float balance, the processing time typically takes 1 full business day to process and transfer the funds to the employee's account.
Note: US banking connections are not currently supported for direct payouts. USD payouts will have to be paid externally and marked as paid in Float.