Leap Payments now offers the latest possible cutoff time so clients get paid faster. Transactions settled as late as 11pm Eastern are now available the next business day by 6am. Even transactions processed on Friday are available Saturday morning, and Saturday and Sunday transactions are deposited Monday morning. This is a special service, so interested clients should contact their representative to update their account to include the later funding cutoff.
For a bar, restaurant or retailer that closes for the day after 6PM, the value of a later cutoff time is paramount. The later cutoff time will allow for daily credit card processing transactions to match up with actual daily receipts. For the times when cash flow is tight, next day funding* for your merchant services, is invaluable.
By striving to ensure that clients are always #1, Leap Payments worked extensively to ensure that our payment processing provides smallest possible delay from processing to deposited in our clients accounts. This ensures that customers in the retail, restaurant, and other businesses that close later, are able to keep their daily receipts balanced.
*Next day funding is not guaranteed for all merchant accounts. Available only for qualifying merchants. To see if you qualify, call (800) 993-6300 now and speak to an account specialist.
