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Funding Schedule and Cutoff Times

A funding schedule is the timeline upon which you get paid for your processing. The Cutoff Time is the latest time of the day for you to submit sales to be included in your next bank deposit.

The cutoff time for a batch submission is the time of the day you’re able to submit your batch for the sales to "count" for that day. Think of it like the bank's closing time - if you don't get to the bank by the time they close, you can't cash checks - they'll process the next day. Same deal here. If the daily cutoff time for batch submissions is missed there is no financial penalty. But, it does mean your sales won’t begin the processing cycle until the following day. Thus, you'll be paid a day later. Different networks/equipment have different cutoff times, and we'll inform you of your unique cutoff time when you open your account. 

The funding schedule is when you can expect your processed sales to be deposited into your business bank account. If your batches are missing the cutoff time for processing then you will see a delay in your funding! So, if able you’ll always want to ensure you are submitting the daily batch before the submission cutoff time.

  • If you are a merchant on next-day funding, you'll see your gross payments deposited into your bank account on the following business day. 
     

  • If you are on a 2-day funding schedule, then there's always a built-in delay of a day. So if you batch-out on a Monday, you'll see your payment on Wednesday - 2 business days later.

For most merchants, AND has an 11pm (eastern) cutoff time, so you can get paid quickly even if you submit late in the day!

We're serious about saving money.

AND is dedicated to getting your processing rates as close to zero as possible. We utilize membership pricing along with cash discounting and surcharging programs to maximize savings. Let our analysts review your statements and see how much money we can put back in your pockets.