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Total time to see money from credit card payments.

Forums: Questions and Answers About Building Your Site
Created on: 02/28/19 08:04 PM Views: 100 Replies: 2
Thursday, February 28, 2019 at 8:04 PM

Please correct me if I'm wrong. The way I'm understanding the credit card processing there's a 5 business day wait from the time a transaction is made until it will show in our funds at CC. Then there is another 3-7 day delay for the electronic transfer to hit our bank account after we initiate the transfer from CC. Yes/No?

Thanks,
Steve

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Thursday, February 28, 2019 at 9:05 PM - Response #1

Steve,

Yes, that is true, but the delays are required by the banks and sometimes the wait isn't as long as the maximum. You are allowed two withdrawals from your ClassCreator account per calendar month before there is an additional fee (I think is is $2.50, but I am not sure, but I know it is under $5.00)


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Thursday, February 28, 2019 at 10:44 PM - Response #2

Thanks, Kyle. I'm not concerned about the delay, I just wanted to make sure I understood it correctly so I can explain it to our committee.

Steve

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