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Quick Links

Table of Contents

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When will I receive my deposits?

Use this guide to determine when you will receive your deposits, based on funding type, and when the payments were batched.

TSYS/Transit Payments - SpotOn Legacy Payments and Equipment

Next Day Funding

2 Day Funding

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Must batch by 10:30pm EST, 9:30pm CST, 8:30pm MST, 7:30pm PST to receive next-day funding. Restaurants must close by 10:30pm EST, 9:30pm CST, 8:30pm MST, 7:30pm PST in order to batch in time to receive next-day funding.

Weekend batching/deposits will be determined by the merchant bank, and the days listed above may not align/apply to your bank.

Tip

To update your auto-batch time, contact Support at (877) 814-4102

Daily Sales Report & Batches

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Two Day Funding

Action

Display

1. On yourReporting site, select Daily Sales Recap from the Reports menu on the left

2. Under the Payments section, scroll to Total Credit Cards

  • In this example, the Total for Credit Cards is $3,086.08

  • This amount will be deposited in your bank account in two business days, minus any daily processing fees and/or SpotOn Financing

    • To view this, go to your Dashboard(login information will be found in your credentials email received around time of install)

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3. On your Dashboard, select Deposits from the menu on the left

4. Select

Batches

Settlements

5. Use the Date Filter to select the applicable date

  • If the restaurant batches before 10pm EST, the batches will show on the same business day

    • If the restaurant batches after 10pm EST, the batches will show up on the next business day

    range, if needed

    • This report will show your separate batches, as each payment device batches simultaneously, but separately

    6. If we add up the total batches on the Net Deposits column, the amount

    • (REMOVE)

    • The amount shown here will be the same as the Total Credit Cards from the Daily Sales Recap from

    the day

    • two days prior.

    • In this example, the

    Net Batch Amount is

    • total Deposits equal the expected $3,

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    • 833.60.

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    • Total Fees are processing fees if you have opted for daily as opposed to monthly fees

    • Total Others are any chargebacks, as well as daily 1% taken out for Hardware Financing, if applicable

    • Remember, weekends/holidays will impact the day the deposits are received in the bank

    • Must batch by 10:30pm EST, 9:30pm CST, 8:30pm MST, 7:30pm PST to receive next-day funding. Restaurants must close by 10:30pm EST, 9:30pm CST, 8:30pm MST, 7:30pm PST in order to batch in time to receive next-day funding.

    • Weekend batching/deposits will be determined by the merchant bank, and the days listed may not align/apply to your bank.

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