Next business day
We understand how important cash flow is to your business.
That’s why the majority of your card transactions are deposited into your bank account the next business day. However, you will notice that the total amount on your end of day report will be different to the amount transferred to your account. This is for two reasons: Takings from international cards are deposited three to five days after the transaction. Domestic card takings are deposited the next business day We transfer your account the total transaction value for that day minus the rates charges – this is called net settlement.
Transferred into your account.
Net settlement
For each card transaction you pay a rate that is calculated as a percentage of the transaction value. This charge is deducted from the overall transaction value before being deposited in your bank account. Example: You make a sale worth $5.00 via a Visa Debit Card. If your agreed rate for Visa Debit cards is 1.0% then the rates charge is 5c. This means $4.95 will be transferred into your account.
Base currency is not Euros
Transfer timeframes
Domestic card takings (base currency in Euros) are transferred one day after transaction. International card takings (base currency is not Euros) are transferred three to five days after the transaction. This means that if you accept a variety of currency types, your daily takings will not all be transferred on the same day.
Our Business Challenges and Solutions
Trading day When money is transferred to your account Monday to Thursday – domestic card takings The following day Friday to Sunday – domestic card takings Monday Monday to Sunday – international card takings Three to four business days later
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+353 214 651 000
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+353 89461 2366
(Customer service and support)
Youghal
Co, Cork Ireland info@woohoopay.ie
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