Do online payment usually take 7 days to clear?

[Nik Moushon]

First rental property and I'm using Cozy.co for all my online stuff. I just got my first rental payment through them and realized it was going to take them 8 days for the payment clear. 8 days seems like a really long time to me. All my other personal online payments end up clearing in 1-2 days, maybe 3. Is this normal with cozy.co and other online payment platforms?