Term – Batch Processing
Summary – A systematic way to handle several payment transactions from a specific time period which is usually at the end of a business day at a set time. The batch processing time is important because if you miss the cutoff, funds will typically take longer to be deposited into the merchants account. Batch processing is used by cash discount program and merchant processing companies to settle card transactions in an efficient manner.
Batch processing comes with several benefits:
If you have any questions on how Eliminate Card Fees can eliminate all processing fees give us a call to learn more at 877-624-8043Back to Terms
© 2024 EliminateCardFees.com
EliminateCardFees.com is a registered DBA of EPX, a registered ISO of BMO Harris Bank N.A., Chicago, IL, Fresno First Bank, Fresno, CA, and Citizens Bank N.A., Providence, RI.