Generally, credit card processors hold the settled batches for one day, and then issue an electronic transfer (ACH)
through Federal Reserve. The merchant’s bank receives the ACH after the bank cutoff time and posts the deposit
on the following day. Processors program the POS equipment to do an automatic settlement during periods of
low activity, in the late evening, missing the early cutoff time for settlement. Thus the transactions processed
on Monday do not settle to their bank account until Wednesday, creating a 48-72 hour delay in funding.

However, Merchant Industry offers true, next-day funding which means transactions processed on Monday and settled before the cutoff time posted to their bank account on Tuesday morning. This process improves the client’s cash flow and enables them to operate their business more efficiently without having to wait for extra days to receive their funds. Instead of initiating funding on the next day, we do it the same day. You’ll actually have the money in your account in 12 hours.

Merchants Industry provides next-day funding for all the card types including Visa, Mastercard, Discover and Amex. Now the merchants don’t have to wait for 3-4 business days to receive their funds.