How and when are the end-of-month (EOM) fees deducted from the Merchant’s bank account?

Daily Discount Merchants (default setting) The bank will deposit a merchant’s net daily batch amount (batch minus the qualified rate discount fees). All downgrade discount rates, customer service fees, monthly minimums and any other monthly fees are deducted between the 1st and 5th of the following calendar month. Monthly Discount Merchants (must be approved) The bank will deposit each day’s batch totals in full.

All discount rates and monthly fees are taken out between the 1st and 5th of the following calendar month. More.

Daily Discount Merchants (default setting) The bank will deposit a merchant’s net daily batch amount (batch minus the qualified rate discount fees). All downgrade discount rates, customer service fees, monthly minimums and any other monthly fees are deducted between the 1st and 5th of the following calendar month. Monthly Discount Merchants (must be approved) The bank will deposit each day’s batch totals in full.

All discount rates and monthly fees are taken out between the 1st and 5th of the following calendar month. More.

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