Category: Deposits & Funding
Applies to: Verova Payments merchant accounts
Overview
After your business accepts credit or debit card payments, the transactions are submitted for settlement and the funds are deposited into your designated business bank account.
The time it takes to receive your deposit depends on your merchant account's funding arrangement, settlement cutoff time, processor, and bank.
How Does Funding Work?
Step 1: Accept Payments
Your business processes transactions through your payment terminal, POS system, or payment gateway.
Step 2: Transactions Are Settled
Approved transactions are submitted for settlement.
Depending on your payment system, this may happen automatically or require you to close a batch.
Step 3: Funds Are Sent to Your Bank
Once the transactions are settled and processed, the applicable funds are transferred according to your account's funding schedule.
Common Funding Schedules
Next-Business-Day Funding
Eligible transactions submitted before the applicable cutoff may be funded on the following business day.
Same-Day Funding
Some merchant accounts qualify for same-day funding, depending on the processor, bank, cutoff, and account setup.
Other Funding Arrangements
Certain merchant accounts may have longer funding schedules because of their processing setup, underwriting conditions, or risk requirements.
Important: Your actual funding schedule is determined by your merchant account agreement and processor configuration. Not all Verova merchants receive next-day or same-day funding.
Do Weekends and Holidays Affect Deposits?
Yes. ACH processing schedules, bank holidays, and your financial institution's posting procedures can affect when funds become available.
Why Might My Deposit Be Delayed?
Common reasons include:
Batch submitted after the cutoff time
Unsettled or open transactions
Weekend or bank holiday
Bank processing delay
Merchant account review or funding hold
Incorrect or outdated bank information
How Can I Check My Funding Schedule?
Contact Verova Payments Support and ask:
"What is my merchant account's funding schedule and settlement cutoff time?"
Still Have Questions?
Verova Payments Support
+1 (833) 925-6999 — Option 2
Please have your business name and the date of the transactions ready.
Verova Payments | Merchant Help Center