Point-of-sale payments are typically deposited to the center’s bank account the next business day after the date of the transaction. Any items posted before 7:00 p.m. (in your local time zone) count toward your daily total. Depending on the types of credit cards you process, the amount may be broken into more than one deposit*.
Beginning September 1, 2017
All point-of-sale credit card transactions from all card types (Visa, MC, Discover and AMEX) are deposited together. Fees are charged as a separate transaction on the 2nd business day of each month.
*Prior to September 1, 2017
|Visa, MC and Discover||AMEX|
|Typical number of days||1 business day.||1 business day.|
|How deposited?||Single, combined deposit.||Separate deposit.|
|Fees deducted from deposit?||No. Full amount deposited. Fees charged separately.||Varies. AMEX will sometimes deduct their fee from the deposit. For example, if AMEX payments totaled 1,000 and the fee was 2.5%, the amount deposited to your account would be 975.|