What Are Faster Payments?

We’re excited to announce the launch of Faster Payments! Whether your store is paid by Cyclescheme daily, weekly or monthly – you will benefit from quicker payments from us with money in your account 3-5 days earlier.

From Monday 3rd March, you will receive Cyclescheme payment into your bank account on the same day as you receive your remittance. For example, if you redeem a Cyclescheme Certificate on a Monday, you will receive both remittance and payment on Tuesday.

As part of this upgrade, we have also removed all delays connected to our financial periods. Payment delays between Christmas and New Year will also be significantly reduced as we have introduced an additional payment run during the break to ensure you receive your payments consistently throughout the year.

Our first Faster Payment will commence Monday 3rd March and cover all Certificates redeemed from 28th February – 2 March 2025 inclusive.