What is the transaction date?
Example of the transaction date
Imagine the following. A client from Great Britain sends money to a freelancer from Russian.
The transaction date: 21.10.19
The settlement date: 22.10.19.
These two dates differ as it takes up to 24 hours for the UK banks to transfer money to Russian banks. It might take less or more time as well. It all depends on payment methods and banks users choose.