When are Point of Sale payments deposited to my account?
- 03 Dec 2023
- 1 Minute to read
- Print
When are Point of Sale payments deposited to my account?
- Updated on 03 Dec 2023
- 1 Minute to read
- Print
Article Summary
Share feedback
Thanks for sharing your feedback!
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. |
Was this article helpful?