Not all things are created equal. What do we mean by that? In the case of credit card processing, not all merchants are paid at the same interval. Keep reading to learn more about the types of funding available to merchants.
Traditional Funding (not good)
Traditional funding typically takes 2-3 businesses to hit your bank account. Most processors, unless specified, will onboard your account as “traditional funding”. This serves them well, as with any business, more cash on hand is better and offers more leverage. However, this is your money and you shouldn’t have to wait this long.
Zero Day Hold (aka Next Day Funding)
Unlike traditional funding, zero day hold, also referred to as Next Day Funding, ensures that you will receive your previous day’s daily settlement the next very next business day.