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How long does it take to receive payments from borrowers?

Borrower payments are requested from the borrower’s bank account on the day they are due, and because Prosper electronically transfers money through a secure network called the Automated Clearing House (ACH) system, the entire process takes five business days. On the Note detail page for the borrower’s loan, you will see the payment status as Processing during these 5 days. Once the payment has cleared, the payment status will change to Paid.

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