A batch that settles Tuesday instead of Friday changes what you can do with the money — and whether payroll clears without a transfer.
Next-day funding is not a discount. It is a timing change, and for businesses with thin working capital it is often worth more than a few basis points on the rate.
The cutoff time matters more than the headline. A "next-day" programme with a 2pm cutoff is a two-day programme for most restaurants.