Thanks for joining us in this thread, SimplyDan.
Allow me to step in for a moment and provide further details about the funding time deposit of QuickBooks Payments.
Funds usually reach your deposit account 5-7 business days, however, it varies depending on the following factors:
- Time of the day you enter transactions.
- Weekends and bank holidays.
- Financial institution you choose your transactions to be deposited to.
- How long it takes for your bank to verify and process electronics.
The cut off time for deposits is 3 pm PT and payments processed after that go into the next day's deposit. Therefore, transactions that were processed via Payments are being batched on a daily basis and funded on a particular number of days.
For more in-depth information, you can also check out these articles:
On the other hand, fees are drafted when you sign up with Payments. These include providing you with a credit card processing service, set up and monthly service fees, discount rates, per authorizations fees, and others.
You can check out this article that will help you get a better idea about the fees: Understand credit card processing fees.
This should point you in the right direction. Let me know if you have any follow-up questions. I'll be here to answer them.
