coreCLEAR Batch and Deposit Information + Daily Discount

Created by Elise Shaw, Modified on Tue, 23 Apr 2024 at 02:36 PM by Elise Shaw

Next Day Funding Batch and Deposit Schedule

*The Next Day Funding Schedule is our Automatic Funding Schedule unless batching after 9PM EST*

	Sunday	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday
Batch	9PM EST	9PM EST	9PM EST	9PM EST	9PM EST	9PM EST	9PM EST
Deposit	Tuesday	Tuesday	Wednesday	Thursday	Friday	Monday	Monday

Standard Batch and Deposit Schedule

*The Standard Deposit Day schedule is our funding schedule for if you run a Batch after 9PM EST*

	Sunday	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday
Batch	After 9PM EST	After 9PM EST	After 9PM EST	After 9PM EST	After 9PM EST	After 9PM EST	After 9PM EST
Deposit	Tuesday	Wednesday	Thursday	Friday	Monday	Tuesday	Tuesday

coreCLEAR Gateway Customers

Customers using the coreCLEAR Gateway will have their Batch Times set automatically by our coreCLEAR team.

MX Merchant Gateway Customers

Customers using Dejavoo Terminals and the MX Merchant Gateway will need to login to mxmerchant.com and setup their batch times manually.

Bank Holiday Policy

If Monday is a Bank Holiday, any weekend batch funds will be deposited the next business day after the Bank Holiday. (i.e. Saturday Batches prior to a Monday Bank Holiday will deposit on Tuesday)

Time Zones - Batching

Our Time Zone for Batching is Eastern Standard Time.

The following table shows Batching Times for other time zones based on our Standard:

Eastern Standard Time (EST) Batching Time - 9PM
Central Standard Time - Chicago (GMT-6)	8PM CST
Mountain Standard Time - Denver/Phoenix (GMT-7)	7PM MST
Pacific Standard Time - Los Angeles (GMT-8)	6PM PST
Alaska Standard Time - Anchorage (GMT-9)	5PM AST
Hawaii-Aleutian Standard Time (GMT-10)	4PM HST

What is Daily Discount?

This approach involves deducting the fees merchants owe on a daily basis, removing the need for end-of-month billing. Without daily discounting, all transaction fees accumulate and are paid at the end of the month. When merchants opt for daily discounting, we simply deposit the net amount after deducting their fees.