When Will the Clover’s Merchants Receive the Money from Fiserv?
As a merchant, it's crucial to know when you can expect payments for transactions made through Fiserv. Typically, merchants receive payments by the next business day after a transaction, but several factors can influence the exact timing.
Key Factors Affecting Payment Timing
Transaction Processing Time: Payments are generally settled the next business day if transactions are processed before the designated close-out time. Be mindful of this time to ensure a timely transfer of funds.
Business Days Only: Payments are transferred only on business days. Weekends and holidays do not count toward processing time, so if a transaction occurs on a non-business day, the settlement will be delayed until the next available business day.
Up-to-Date Bank Information: Ensure your bank information is accurate and up to date. Any discrepancies could cause delays in payment processing.
At Oppi Solutions, we're committed to assisting you every step of the way. Our team actively monitors risk reviews to help ensure smooth, uninterrupted funding for your business. By staying proactive and informed, you can avoid potential issues and keep your payments on track.
If you have any questions or concerns about payment timing, feel free to contact us. Our team is always ready to help and provide further clarification.
