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

# The payment endpoint

A Payment is the transfer of funds from a source checking or savings bank account to a
destination credit card, auto loan, mortgage, student loan, and more.

All Payments are processed electronically between the source and
destination, and take 2-3 business days depending on the
receiving financial institution.

#### Cutoff Times

Payments are processed on business days (Monday - Friday),
excluding US Banking Holidays.

<ul>
  <li>Method Debit Model processing window: 1:30 PM CT</li>
  <li>Prefunded Model processing window: 3:30 PM CT</li>
</ul>

## Payment Objects

```json THE PAYMENT OBJECT theme={null}
{
  "id": "pmt_VeCfmkwGKb",
  "source": "acc_hmap9mbgfLcf9",
  "destination": "acc_YXDrjADGjC76U",
  "amount": 5000,
  "description": "Loan Pmt",
  "status": "posted",
  "estimated_completion_date": "2024-03-21",
  "source_trace_id": "203942084920",
  "source_settlement_date": "2024-03-15",
  "source_status": "sent",
  "destination_trace_id": "304820184832",
  "destination_settlement_date": "2024-03-21",
  "destination_posted_date": "2024-03-21",
  "destination_status": "posted",
  "destination_payment_method": "electronic",
  "reversal_id": null,
  "reversal_account": "acc_hmap9mbgfLcf9",
  "payment_instrument": null,
  "fee": null,
  "type": "standard",
  "fund_status": "posted",
  "error": null,
  "metadata": null,
  "created_at": "2024-03-14T16:15:26.074Z",
  "updated_at": "2024-03-14T16:15:26.074Z"
}
```


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.