Instant payment deposits.
For businesses that need to get paid even faster.
Introducing Instant Payment Mode (IPM), for business customers that need to get paid faster than the typical 1-2 business days.
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July 14, 2021 | Instant Payment Form
Now business customers can get paid instantly — any day of the week.
With Instant Payment Mode (IPM), customer payments can land into a business’s checking account minutes after a customer makes a payment on an invoice or through the payment form. This cuts an already fast speed to deposit from 1-2 business days to mere seconds.
The business can turn IPM on and off, depending on their cashflow needs. Businesses using Instant Payment Mode will be charged an additional 1% per transaction when the feature is turned on.
Transaction fees assessed for IPM will be debited from the business account along with the standard transaction fees.
Here’s how it works.
Businesses that qualify for Instant Payment Mode will be invited to enable it through a message on their Dashboard (Autobooks may also notify qualified businesses via email):
Note: Instant Payment Mode is only available for full Autobooks users, and not for users relying solely on our standalone Send Invoice or Accept Payments modules.
To turn on Instant Payment Mode, the business will click Show me how from the dashboard OR navigate to Settings > Instant Payment Mode. 
Next, they’ll click Start Instant Payment Mode setup now. The business will input their business checking account debit card number. This will provide Autobooks with the payment path to the proper account for IPM. The business debit card will not be charged.
Note: The business will see a success message once Instant Payment Mode is turned on:
From there, the business can enable or disable Instant Payment Mode as needed in the Settings menu by using the toggle switch provided.
Frequently Asked Questions (FAQ)
Q: What does “instant” mean for Instant Payment Mode?
A: As soon as your customer submits their credit card or ACH (bank account) information through your Autobooks Payment Form or an invoice, funds will process and be available to you in your business checking account within seconds.
In very rare cases, it may take up to 5 minutes for funds to be visible. If it takes longer than 5 minutes to see your funds, contact Autobooks Support and we’ll fix it for you.
Q: How much does it cost to use Instant Payment Mode?
A: Turning on Instant Payment Mode costs an additional 1% per transaction on top of your standard transaction fee. There is no additional monthly fee to turn on Instant Payment Mode.
Q: If my customer paid my invoice yesterday or sent me a Payment Form payment yesterday, will I get that money faster if I turn on Instant Payment Mode?
A: No. Any payments submitted to you by customers before Instant Payment Mode is turned on will continue to be processed on a 2-day settlement period. These transactions will be subject to your standard rate.
Q: If I sent my invoice yesterday but my customer hasn’t paid it yet, will I get that money faster if I turn on Instant Payment Mode now?
A: Yes! Any payments submitted to you by customers after Instant Payment Mode is turned on will arrive instantly. These transactions will be subject to the additional 1% transaction fee.
Q: Can I turn off Instant Payment Mode?
A: Yes! You can easily turn Instant Payment Mode on or off at any time in the Settings section of your Autobooks account. Payments submitted by customers when Instant Payment Mode is turned off will settle into your business checking account within 2 business days and you’ll pay the standard transaction fee.