Next Day Funding

Improve your company's efficiency - Receive funds in as little as 12 hours!

Argus Merchant Services is pleased to offer our exclusive Next Day Funding. Most of our merchants will receive Next Day Funding for all card types including: Visa, MasterCard, Discover, and now American Express transactions. No longer do you have to wait 3 to 5 business days to receive your funds.

What Next Day Funding is
Traditional processors take settled batches, hold them for one day, and then issue an electronic transfer called an ACH through the Federal Reserve. The client's bank receives the ACH after the bank cutoff time and posts the deposit on the following day. Additionally, most processors program the POS equipment to settle automatically late in the evening during periods of low activity and often miss the early cutoff time for settlement. From the merchant's perspective, transactions processed on Monday do not post to their bank account until Wednesday or Thursday, creating a 48-72 hour funding delay from the time they actually processed the transaction.

How the Argus Merchant Services Next Day Funding Program Works
The Argus Merchant Services settlement system is set to post batches received by 7pm (EST) the very next morning. The settled batches are expedited through the federal reserve system and funds are electronically transmitted via an ACH. The client's bank receives the ACH and posts the deposits on the next business day following the settlement. As an example, transactions processed on Monday and settled before the cutoff time post to their bank account on Tuesday morning. This process enables clients to improve cash flow and operate their business more efficiently by not having to wait several extra days to receive their funds. Please refer to the Next Day Funding Chart for an exact time table of deposit clearing times.

Batch Closed
on day
(early close)
to Merchant
(late close)
Funds Available
to Merchant
Monday 7:00 PM Tuesday 1:00 AM Wednesday
Tuesday 7:00 PM Wednesday 1:00 AM Thursday
Wednesday 7:00 PM Thursday 1:00 AM Friday
Thursday 7:00 PM Friday 1:00 AM Monday
Friday 7:00 PM Saturday 1:00 AM Monday
Saturday 7:00 PM Sunday 1:00 AM Tuesday
Sunday 7:00 PM Monday 1:00 AM Wednesday
Note: Banks do not cycle on Saturdays and Holidays | All times above are in EST
* Qualifying clients will receive funds in as little as 12 hours for batches that are settled prior to the 7:00pm EST cutoff