What is the merchant processor's schedule?

The money from the holding account is transferred to your designated bank account on a regular basis, either daily or weekly. This schedule is referred as "merchant account processor's schedule".

What is a Merchant Statement?

A merchant statement is a statement you receive periodically from your merchant account processor that shows the total amount of each days transactions during that period and the fees that were charged.

What is a Merchant Account?

A merchant account is an account with a merchant account processor (or a financial institution acting as a processor) that enables you to enter and process credit card transactions.