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Why do borrower payments take so long to reach my account?

Borrower payments are requested from the borrower’s bank account on the day they are due, and because Prosper, like most banks, electronically transfers money through a secure network called the Automated Clearing House (ACH) system, the entire process takes four business days.

On the Note detail page for the borrower’s loan, you will see the payment status as 'Processing' during these 4 days. Once the payment has cleared, the payment status will change to 'Paid.'

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