Net Deposits: Understand Credit Card Deposits & Processing Fee Withdraws

We offer Net Deposits for Deposits and Processing Fees associated with your Merchant Processing Account.

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Understand Net Deposits

What are Net Deposits?

• Net Deposit will include the sum of all Credit Card payments made minus all applicable processing fees. 

What happens when I process a Refund?

• In addition to the daily Net Deposit transaction, you'll see a second transaction that includes refunds. If no refunds were processed the previous day then you should not see a second bank transaction. 

What will show on my bank activity?

• Fusion Enterprise Merchant Deposit: Deposit of Credit Card transactions processed in Fusion Enterprise.
• Fusion Enterprise Transfer: A Merchant Refund that will debit your account for a Refund you have issued to the Client. 

When do I receive my Net Deposit?

• Deposits are dependent on when the payment is disbursed from Fusion Enterprise and registered by your bank. The Disbursement date is different than your Bank Deposit Date.
• Credit Card Payments processed in Fusion Enterprise before 5 pm EST will be lumped into one payment Disbursed from Fusion Enterprise at 5 pm EST. Typically your bank will register the Deposit the next day, although, depending on your bank it may take more time.
• Credit Card Payments processed in Fusion Enterprise after 5 pm EST will be lumped into the next days' payment disbursement (the next day at 5 pm EST) and will be registered by your bank after that.
• See below for examples and caveats.

Example of Net Deposit

You (Provider) charge 3 Clients on Wednesday:

• Client 1: $100 (at 10am EST)
• Client 2: $50 (at 3pm EST)
• Client 3: $75 (at 6pm EST) 

Thursday's Deposit:

• $145.37 (Client 1: $100 PLUS Client 2: $50, MINUS Processing Fee $4.63)

  NOTE: Client 1 and 2 were charged before 5 pm EST so the deposit was lumped into Tuesday's Deposit

Friday's Deposit:

• $72.68 (Client 3: $75 MINUS Processing Fee $2.32) 

  NOTE: Client 3 was charged after 5 pm EST so the deposit was lumped into the next day's Deposit.

1. The daily lump sum of all fees associated with the transactions is withheld from the deposit amount received.
2. A daily lump withdrawal for refunds processed the day prior (or anywhere between 1-3 business days prior, depending on the bank) will be debited from your account.

The chart below shows the possible days when a bank account credit might happen:

Bank Transaction Types:

• Credit: A transaction type that will increase your account balance.
• Refund: A transaction type that will decrease your account balance.