Credit card transactions are grouped into daily batches until the cut-off time, after which they are deposited into your bank account the following business day. Transactions made on Fridays, Saturdays, or Sundays are batched together and deposited on Tuesdays. Any transactions completed after the cut-off time are included in the next day’s batch.
A "batch" is a group of items or processes handled together, similar to baking a batch of cookies. When your transactions are batched, the total revenue generated during the business day is combined into one deposit. This amount, minus credit card processing fees, is then transferred to your bank 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:
Important
Deposits may be delayed due to bank closures and holidays.
Comments
2 comments
one of my bookings has had a deposit of £20 taken but I have not set up merchant services om my account. Why has this happened and where is my clients finds~?
Hi Jane, this is probably the new customer booking fee. See here to learn more: New Customer Fees for Businesses in the United Kingdom – Vagaro Support.
Thanks,
Jamie
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