Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How Do We Receive the Money for the Credit Card Transactions Processed?

April 26, 2017credit card money processed transactions

0

10 Posted

How Do We Receive the Money for the Credit Card Transactions Processed?

1 Answer

0

10 Posted

For US-based organizations, all Visa and Mastercard transactions are deposited directly into your bank account the next business day. For American Express and Discover card transactions, IATS accumulates the transactions you have processed from Sunday to Saturday and will electronically transfer the funds directly into your bank account the following Wednesday, appearing in your account no later than Thursday. The amount transferred will be net of the IATS individual transaction fees and any applicable taxes.