Merchant Billing & Funding

Merchant billing and funding are essential parts of payment processing, ensuring that merchants receive their funds on time. It provides the available options to help merchants manage cash flow, track payouts, and reconcile fees efficiently.

Billing

Billing is the process of calculating and deducting fees based on a merchant’s transactions. Merchants can choose from the following billing options:

• Daily Billing – Fees are deducted daily.

• Monthly Billing – Fees are accumulated throughout the month and charged at the end of the month.

Funding (Payout)

Funding, also known as payout, is the process of settling and transferring funds to merchants via Automated Clearing House (ACH) bank transfer. Merchants can choose from two funding schedules:

• Next-Day (Early) Funding – Transactions settle on the next business day.

• Two-Day (Standard) Funding – Transactions settle within two business days.

Batch Cutoff Time

The ACH system processes fund transfers overnight. Xplor Pay submits transactions before the system's nightly cutoff to ensure timely payouts.

Note: To qualify for next-day funding, transactions must be submitted by 11:00 p.m. Eastern Time.

Example: Daily Billing

A merchant processes $100.00 in sales. If total fees for the day are $3.00, the merchant receives $97.00 in the next payout, based on the selected funding schedule.

Example: Monthly Billing

A merchant processes $100.00 in sales. The full $100.00 is paid out according to the funding schedule. The $3.00 fee is deducted at the end of the month.

For options to view detailed billing, funding (payout), and tax information, see Financial Reporting.