Clayton, MO, October 11, 2013 --(PR.com
)-- Today Clearent announced that it extended the cut off time for its Express Merchant Funding service to 11:00 p.m. Eastern. With this service, business owners can get their daily deposits for credit and debit card processing the next business day.
Merchants rely on their deposits to help keep their businesses running smoothly, and use them for everything from meeting payroll to purchasing inventory and more. Customers with a next day funding merchant account can now batch out as late as 11:00 p.m. Eastern and still get their deposit the next business day.
Clearent’s cut off time was already one of the latest in the industry, and now adds two additional hours to its previous 9:00 p.m. cut off time. The extended time is particularly helpful to business owners who process credit and debit card processing transactions in the evening and to businesses located on the west coast.
Next day funding is also valued by merchants that experience high sales volumes on weekends because they receive the deposit for their weekend activity on Monday instead of Tuesday. As a result of these unique benefits, Clearent’s Express Merchant Funding has become a highly popular service for restaurants and retailers that are open on nights and weekends.
The late cut off time for Express Merchant Funding is made possible thanks to Clearent’s proprietary settlement system. Plus, Clearent does not require merchants to use a particular bank for deposits. The company’s leading edge technology provides advantages that can’t be matched by legacy payment processors. And now because Clearent has pushed back its cut off time to 11:00 Eastern, merchants can batch out two hours later and get their funds one day earlier than the standard funding cycle.
“Our Express Merchant Funding service is a huge differentiator for Clearent, and offers a great benefit to merchants,” said Dan Geraty, CEO of Clearent. “Our customers want to receive their deposits as quickly as possible, and by extending the cut off time for next day funding merchant accounts, we are doing just that.”
Clearent is a credit card processing company that was built to be different. We combine leading edge technology with a passion for service to help our customers maximize the value of their merchant services program. Clearent provides sales agents, financial institutions, and merchants with benefits not available from other providers, such as next day funding with a late cut-off time and unrivaled graphical, web-based reporting, and now processes $5 billion in annual card volume. To learn more, visit http://www.clearent.com or call 866.205.4721.