Accepting credit and debit cards is the first half of the transaction. The other half – and really, the most important part for any merchant – is receiving payment for the products and services your customers are buying. While the standard for getting the money into your account is usually two to three business days, we believe that’s too long.
Funding through Sales Sense Payments is deposited in your account the next day. Not as a memo post but as actual hard dollar deposits. This puts the “float” in your favor and gives you readily available money to pay for additional stock, payroll, rent, utilities and your personal draw.
Next day funding is not limited to a specific bank and all transactions batched or posted by 11:00 P.M. Eastern time are in your account by 8:00 A.M. the next day. Weekend transactions are deposited by 8:00 A.M. (Eastern) Monday.
For more information about payment processing and next day funding, please call us at (585) 672-6381 today or contact us here.
