"We were referred to MSWCard by one of our suppliers who told me about their 12 hour funding. I was amazed to find out that not only were our rates outdated, but we have been waiting for our deposits for an unnecessary 3 extra days. Jerry who has been our rep since day one is very knowledgeable of this business and provided us with a customized rate analysis."...
Improve your company's efficiency - Receive funds in as little as 12 hours!
MSW Card is pleased to offer our exclusive Next Day Funding. All merchantsprocessing with MSW Card 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 MSW Card Next Day Funding Program Works:
The MSW Card 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.
MSW Card Official Next Day Funding Chart for Merchants
* Qualifying clients will receive funds in as little as 12 hours for batches that are settled prior to the 7:00pm EST cutoff
MSW Card ® is a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA. MSW Card ® is a registered ISO/MSP of the following banks: First National Bank of Omaha, 1620 Dodge St., Omaha, NE. American Express may require separate approval. All Rights Reserved. Reproduction without the written consent of MSW Card ® is prohibited. MSW Card ® is a registered trademark and service mark of MSW Card ®.