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Credit Card Setup / Processing

Table of Contents

Below are links to PDF documents with information on Credit Card setup, Processing, Direct Deposit and Vendor Payments

For additional Merchant Services information, visit accountedge.com/credit-cards/

 

Cutoff Times

Voiding approved payments directly through AccountEdge Pro or AccountEdge Connect must be completed before the indicated cutoff time on the same day the payment was processed.

 

What does cutoff time mean?

The “cutoff time” is the deadline by which all transactions must be submitted to the payments processing system. It marks the point when the transaction window closes, and the cumulative transactions (batch file) are submitted (batched) to the network for processing. Transactions processed after the cutoff time will be included in the next day's batch; this means that all transactions up until the cutoff time are grouped together and sent to the network for processing.

Cutoff times are essential for managing the timing of transaction processing and ensuring that settlements occur within the expected timeframes. They help in maintaining the efficiency and reliability of the payment processing system.


What are the cutoff times for Credit Card (general processing)?

The cutoff times for credit card transactions vary depending on the payment processor; for that reason, it is advisable for customers to consult their processor for details. Each processor may have its own deadlines for when transactions must be submitted (cutoff time)
 

Processor name

 

Cutoff time

GlobalPayments (East) (Variable Fee accounts)

 

8:01 PM PST

 

Vantiv (Flat Fee accounts)

 

5:10 PM PST