Merchant’s Guide to Getting Funds Faster – After the customer has made the payment, the amount paid is put under the review and it generally takes 1-2 business days to actually credit into the Merchant Account. The time between the transaction and addition of amount in the merchant account is called funding time. And the process is called funding.
A merchant wants a quick funding because after the funding the merchant is allowed to use that money for investment or another purpose. This is an application in case of the digital money transaction. The cash transaction is free from funding, as the money is instantly available for the merchant to use or invest.
Here, in this article, we will discuss the methods to reduce the funding time. You can either follow the Merchant’s Guide to Getting Funds Faster or contact Merchant Stronghold for an expert opinion. Feel free to contact by placing a call at the toll-free number+1 (888) 622 – 6875.
Tip to Minimize the Processing Time
The processing is the major step that takes most of the time. Additionally, if the processing time can be reduced, the merchant will get the money in no time. Let’s start the Merchant’s Guide to Getting Funds Faster with the fast processing.
- Choose Processor with Fast Funding – There are a number of merchant service providers in the market. They offer different attractive schemes to the merchant to sell their service. But a merchant should choose the processor that takes the least time to process the transaction without breaching any security rules.
- Avoid Card-Not-Present Transaction – The payment made with the means that do not ensure that card was not present at the time of the purchase can take more time to process. Use transaction with a magnetic stripe swipe or EMV chip to process the transaction faster as these ensure the Card-Present transactions.
- Reduce Number of Chargebacks– If a merchant is titled with a great many numbers of chargeback. Then the transactions of that merchant will take extra time to process to avoid any illegal activity. Use the chargeback proof method of transactions for the business.
- Do not Cross the Processing Limit – Each merchant service provider offer the weekly or monthly processing limit to the merchant. If the merchant crosses this limit then those transactions will not be processed.
- Choose the Processor with effective 24/7 Support – If there are issues with the transaction processing then make sure your merchant processor offers the support to help with your processing error.
If you need more tricks to reduce the processing time depending on your business then you can contact Merchant Stronghold and talk to an expert. Call us at the toll-free number +1 (888) 622 – 6875 and talk to an expert to get answers to your questions.
The Processors that Offer Fast Funding
Here is the list of the merchants that offer fast processing and funding along with other services. This is the Merchant’s Guide to Getting Funds Faster with the Fast Processor.
Paypal– If you have a Paypal Account then you can access the funds almost immediately after the transaction. Moreover, if you own a PayPal debit card then the funds can be used on expenses. The money transfer to a bank account can take up to 5 business days.
Square – Square offers the next-day fund transfer in most of the cases. At most, it takes 2 days for 48 hours to process and transfer the funds. They also avail instant transfer for the merchant for 1% fees of the transaction value.
Dharma Merchant Services – The default funding is 2-days for the Dharma Merchant Services. If the merchant is eligible for the next day delivery then they can access the services as well.
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Question the Merchant Should Ask – Merchant Stronghold
- Names of same day funding merchant account
- How to get next day merchant funding?
- How fast is square cash?
- Get Merchant’s Guide to Getting Funds Faster
- Get merchant account next day funding
- How to open immediate merchant account?
- How to get money from square cash?
- Get same day merchant account approval
- How to access same day funding credit card processing?
- Get instant deposit credit card processing
These are some of the questions that you should ask in order to get the fast funding from the service provider. Furthermore, you can contact Merchant Stronghold at the toll-free number +1 (888) 622 – 6875. We also provide assistance regarding high-risk merchant account, merchant account management, and payment gateways.