This is an Atm machine, so why doesn the merchant get their funds the next day?
Actually, Cashless Atm machines are POS terminals, not Atm machines (even though they work like an Atm for the public). Because the banking industry considers these terminals to be POS machines, they treat transactions as though they are POS transactions, which have always taken several days to reach the merchant’s bank account, just like it does when a business uses a regular credit card machine.
