Comments on: The myth of next day deposits http://www.merchantaccountblog.com/archives/301 Merchant Accounts, Ecommerce, Processing Equipment Wed, 07 Jan 2009 12:39:45 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Matthew Hunt http://www.merchantaccountblog.com/archives/301/comment-page-1#comment-17850 Matthew Hunt Thu, 21 Feb 2008 06:40:52 +0000 http://www.merchantaccountblog.com/archives/301#comment-17850 Nice work! I have been in the Canadian Payment Processing for about 4 years now and I couldn't have said it better myself. Even though it can be difficult being a small business owner, merchants need to have some cashflow/capital, to allow for their credit and/or debit card deposits to be funded into their business accounts. What merchant's forget is that processing companies fund them money usually within a 48 hour period and the credit card companies wait 30, 60 or maybe never to collect. Of course, they will take a % of your sales and of course they will have risk management steps in place to prevent fraud and that means sometimes waiting an extra day before you are funded your sales. Matthew from http://www.Canadian-Merchant-Account-Services.com Nice work! I have been in the Canadian Payment Processing for about 4 years now and I couldn’t have said it better myself.

Even though it can be difficult being a small business owner, merchants need to have some cashflow/capital, to allow for their credit and/or debit card deposits to be funded into their business accounts.

What merchant’s forget is that processing companies fund them money usually within a 48 hour period and the credit card companies wait 30, 60 or maybe never to collect. Of course, they will take a % of your sales and of course they will have risk management steps in place to prevent fraud and that means sometimes waiting an extra day before you are funded your sales.

Matthew from http://www.Canadian-Merchant-Account-Services.com

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