> ## Documentation Index
> Fetch the complete documentation index at: https://docs.vortexiq.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# Avg Settlement Time (days), Square

> Avg Settlement Time (days) for Square stores. Tracked live in Vortex IQ Nerve Centre. How to read it, why it matters, and how to act on it.

**Metrics type:** [Supporting Metrics](/nerve-centre/overview#metrics-types-explained)  •  **Category:** [Payment Gateway](/nerve-centre/connectors#connectors-by-type)

## At a glance

> Average time from a Square payment capture to funds landing in your bank account, over the period. Standard: T+1 = 1.0, 1.5 days. With Instant Deposit usage: 0.1, 0.5 days. With reserves: longer.

|                               |                                                                            |
| ----------------------------- | -------------------------------------------------------------------------- |
| **What it counts**            | `AVG(payout.created_at - payment.created_at)` in days, weighted by amount. |
| **Currency**                  | Per-currency.                                                              |
| **Instant Deposit weighting** | Instant deposits drag the average down.                                    |
| **Time window**               | `30D`.                                                                     |
| **Alert trigger**             | `>3.0` days absolute.                                                      |
| **Roles**                     | owner, finance, operations                                                 |

## Calculation

Calculated automatically from your Square data. See the At a glance summary above for what the metric tracks and the worked example below for a typical reading.

## Worked example

30-day window:

```text theme={null}
Average settlement = 1.2 days (USD), 1.4 days (CAD)

Most payouts hit at T+1 02:00; some weekend / holiday push to T+2 or T+3;
Instant Deposit usage on ~5% of volume pulls the blended down slightly.
```

## Sibling cards merchants should reference together

| Card                                                                                   | Why pair               |
| -------------------------------------------------------------------------------------- | ---------------------- |
| [`squ_payouts_pending`](/nerve-centre/kpi-cards/square/pending-payouts)                | Snapshot of in-flight. |
| [`squ_payout_age_days`](/nerve-centre/kpi-cards/square/oldest-pending-payout)          | Days since last.       |
| Stripe [`stripe_avg_settlement_days`](/nerve-centre/stripe/stripe_avg_settlement_days) | Cross-PSP.             |

## Reconciling against the vendor's own dashboard

**Where to look in the Square Dashboard:**

Square Dashboard does not surface this directly; it's an aggregate over the deposits view. Cross-reference Balance → All deposits.

**Why ours may differ:** weighting method (volume-weighted vs count-weighted), period boundary handling.

**Cross-connector reconciliation:** Square's T+1 default vs Stripe's T+2 means a multi-rail merchant should expect Square avg to be \~1 day faster than Stripe avg.

## Known limitations / merchant FAQs

**"My average is 1.8, why higher than T+1?"**
Weekend and holiday payouts push some to T+2 or T+3, dragging the average up. If you're consistently above 2.0, schedule may have changed.

**"How does Instant Deposit affect this?"**
Instant Deposits land in minutes, contribution near 0 days. A merchant who Instant-Deposits 50% of volume would average \~0.6 days.

**"Reserves and settlement time?"**
Reserve-held funds settle at the reserve-release date, which can be 90, 180 days. If reserve is large, the blended average lengthens materially.

**"Why is CAD slower than USD?"**
Cross-border banking friction and different ACH equivalent in Canada (Interac, EFT) have slightly different cycles.

**"Does this include weekends?"**
Yes; calendar days, not banking days.

**"Multi-location merchants, single average?"**
Yes, per-currency. Locations in different currencies show separate averages.

***

### Tracked live in Vortex IQ Nerve Centre

*Avg Settlement Time (days)* is one of hundreds of KPI pulses Vortex IQ tracks across Square and 70+ other ecommerce connectors. Nerve Centre runs the detection layer; Vortex Mind investigates the cause when something moves; Ask Viq lets you interrogate any number in plain English.

[Start for free](https://app.vortexiq.ai/login) or [book a demo](https://www.vortexiq.ai/contact-us) to see this metric running on your own data.