Glossary
The deposit of card payments into the business account by a processor.
✓ Checking what you qualify for does not affect your credit score.
The deposit of card payments into the business account by a processor.
Processors batch transactions, deduct fees and deposit the net, often the next business day.
It is the foundation for card-based advances.
$3,000 of sales with 2.5% fees settles as about $2,925.
In Canada, settlements typically arrive on the next business day, depending on the processor.
Reviewers match card settlements to sales to confirm the share of revenue that arrives by card and how consistently. A settlement that is regularly lower than sales may indicate chargebacks, fees or refunds, and it is worth explaining.
Settlement is not the same day as sale. Weekends and holidays move deposits, so a Monday figure often includes several days.
Settlements usually appear as one lump deposit per processor per day, net of fees. If you use two terminals or an online gateway, you may see two or three deposits on the same day. Labelling them in your own notes makes it easy to show a reviewer which stream is which.
No. They are net of fees and refunds.
See the related guides and the comparison pages, or apply and ask.
No. It is educational information, and agreements vary.
Educational information only. It is not legal, tax or accounting advice.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
