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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.
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Two Day Funding
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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
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3. On your Dashboard, select Deposits from the menu on the left 4. Select Settlements 5. Use the Date Filter to select the applicable date range, if needed |
If we add up the total batches columns on the deposits received today, the amount (REMOVE) The amount shown here will be the same as the Total Credit Cards from the Daily Sales Recap from two days prior. In this example, the total Deposits equal the expected $3,
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08608Image RemovedImage AddedTotal 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
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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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