There are two types of funding (deposits) for UniformPay; Two-day and Accelerated. Which type you are on will dictate when the funds from your sales deposit to your bank account.
Two-day
Two-day funding means that the funds from sales on a given day are deposited to your bank account two days later. For example, sales from Monday are deposited on Wednesday. Tuesday sales are deposited on Thursday and so on.
However, there are exceptions for sales on Thursday and Friday. The 2nd day lands on Saturday and Sunday and ACH transactions cannot be processed. Because of this you will see the deposits for those days land on Monday along with Saturday’s sales for a total of 3 deposits.
Federal public holidays will also affect two-day deposits. If a deposit lands on a holiday it will be delayed until the next day. If a holiday lands on a Monday, the 3 deposits you would normally see on Monday will be delayed until Tuesday. In that scenario you will see 4 deposits for sales, Thursday through Sunday.
Two-day funding is the default when signing up for UniformPay.
Accelerated
Accelerated funding means that the funds from sales for on a given day are deposited to your bank account the next day. For example, sales from Monday are deposited Tuesday. Tuesday sales are deposited on Wednesday and so on.
However, there are exceptions for sales on Friday and Saturday. The next day lands on Saturday and Sunday and ACH transactions cannot be processed. You will see the deposits for those days land on Monday along with Sunday’s sales for a total of 3 deposits.
Federal public holidays will also affect accelerated deposits. If a deposit lands on a holiday it will be delayed until the next day. If a holiday lands on a Monday, the 3 deposits you would normally see on Monday will be delayed until Tuesday. In that scenario you will see 4 deposits for sales, Friday through Monday.
Accelerated funding is available for an additional monthly charge.