In simplified terms, a "batch" is a group of processes, things, or items produced simultaneously, like baking a batch of cookies. When your transactions are "batched" into one deposit, the total revenue generated during the previous business day is grouped into one sum (minus credit card processing rates and fees) and deposited into your bank account.
The batch schedule indicates the cutoff time for what transactions will be included in the batch and what time it will be deposited into your account.
Prerequisites: This feature requires Credit Card Processing.
All businesses are subject to a 12 AM UTC batch time.
Your funds will be deposited into your bank account one business day (varies by financial institution) after the batch cut-off time. If a transaction is processed after the cut-off time, it will be batched with the next day's transactions. Transactions made on Fridays, Saturdays, or Sundays will be deposited into your bank account the following Tuesday.
Deposit Schedule:
Comments
0 comments
Please sign in to leave a comment.