Cash flow is one of the most serious issues any business must contend with on a daily basis. Cash is needed to pay bills, purchases supplies and inventory, and to meet payroll obligations. Without cash, keeping a business running is literally impossible. If the business accepts credit card payments for its goods or services, it could wait days, even weeks, before those funds become available. With next day funding*, however, the cash is available almost immediately, meaning businesses can meet their obligations without worry.
Very few credit card processing companies offer this option. Some offer it on only a few types of credit cards. Only a small number of them make this type of funding available on all types of credit cards. This includes the standards — Visa, MasterCard, Discover, and American Express, and on most e-checks.
All the merchant has to do is process the day’s receipts for credit card purchases via the terminal or software provided. Assuming the transactions are completed before 10:00pm Eastern, funds are available in your bank account the next day. Friday and Saturday transactions are typically not available until the next business day — Monday morning.
Next day funding allows any size business to function like a big business by making its credit card payments available faster. Business owners and managers are able to plan better and continue serving their customers, without unnecessary interruptions or delays in much-needed cash flow that can undermine a business’s success.
*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.