In Next Day Funding

Next day funding* can be an asset to a business that needs quick turnaround for its cash payment system. Credit card payments can sometimes take weeks—or longer—to be funded to a business bank account with traditional processing companies. This can cause a cash flow problem when inventory or materials take a large bite out of the operating cash flow. Receiving funds on the next business day can eliminate many operational headaches for businesses.

For a nominal fee, credit card payments can be transacted through a business bank account by the next morning, if acted upon before 11 pm Eastern. In general, this is a less than eight hour transaction on a week day. Weekend payments will be at the bank on the following Monday morning. Electronic checks and several credit cards are eligible to be processed using this service.  If you need a later window, we can offer clients with US Bank deposit accounts funding from as late as midnight the previous night.

These overnight payments are an asset to businesses that operate “out in the field.” Contractors, for instance, have the need to get their payments to the bank to enable them to pay for materials or equipment costs and keep their payroll on deadline. Small businesses that sell at open-air locations, such as a farmer’s markets, may find it hard to get to the bank during normal business hours, making this service ideal for processing their daily transactions.  Restaurants who stay open late can even schedule an auto settlement just before the daily cutoff time, so they see their deposits as fast as possible in their bank account.

Wireless terminals that go through a cell phone, or virtual terminals that travel through a laptop, allow the business owner to use next day funding nearly anywhere. Industry-specific recommendations are made for the individual business needs, at the lowest pricing rates possible, when utilizing this cutting edge system.

*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.

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