Merchant Funding Payment Schedule
Once you have received your funding from Conquest Financial, you should expect to see deposits from your daily credit card and debit card sales on a daily basis.
Understanding How and When You Get Your Daily Deposits
The typical process is as follows: daily settlements first go to the escrow account; a hold back is applied to the entire batch; finally, remaining funds are then sent to your business bank account. It is highly recommended that you spend some time understanding the specific time lines so that you are prepared and more capable of planning your business cash flows:
| Day of Batch Settlement | Day when batch is posted to escrow account | Day when holdback is applied and the remaining settlement is sent to the merchant | Day when remaining settlement will reach merchant’s business bank account |
| Monday | Tuesday | Wednesday | Thursday |
| Tuesday | Wednesday | Thursday | Friday |
| Wednesday | Thursday | Friday | Monday |
| Thursday | Friday | Monday | Tuesday |
| Friday | Monday | Tuesday | Wednesday |
| Saturday | Monday | Tuesday | Wednesday |
| Sunday | Monday | Tuesday | Wednesday |
SPECIAL NOTES:
- If a batch settlement is made after 9 pm EST, it will be included as part of the next day’s anticipated batch settlement.
- Any deposits from your batch settlement that hits the escrow account on a government holiday such as Remembrance Day,
Christmas, Boxing Day, New Years, etc., will be delayed by one working business day (due to bank closure). The holiday
settlement will be combined with the next day’s regular batch settlement and sent as one lump sum, less the hold back on the entire
amount.
Merchant Funding
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July 4th, 2011
Just surpassed $625,000,000.00 Funded!!!
June 20th, 2011
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