When signing up with Wisetack, they will collect banking information during the application process. Once the business has been approved and a customer pays for a job with consumer financing, Wisetack will transfer the money to the bank account on file.
If a customer decides to pay over time through Wisetack to pay for a job, you will be alerted via email, and within the Activity Feed of the Job Details page.
The Job Details page will reflect the payment status as 'Payment Pending' until Wisetack disburses the funds to the bank account you set up with them.
Your customer will need to confirm that the work has been completed on their loan application before the funds are disbursed, unless the merchant/business has qualified for Progress Payments. To learn how split payouts work, see How Do Wisetack Progress Payments Work.
Once the customer releases payment, the funds will be sent in 1-3 business days and be reflected as 'Paid' on your job.
