coreCLEAR - Batch and Deposit Information + Daily Discount
Next Day Funding Batch and Deposit Schedule
The Next Day Funding Schedule is our Automatic Funding Schedule unless batching after 9PM EST
| Sunday | Monday | Tuesday | Wednesday | Thursday | Friday | Saturday | |
|---|---|---|---|---|---|---|---|
| Batch | 9PM EST | 9PM EST | 9PM EST | 9PM EST | 9PM EST | 9PM EST | 9PM EST |
| Deposit | Tuesday | Tuesday | Wednesday | Thursday | Friday | Monday | Monday |
Standard Batch and Deposit Schedule
The Standard Deposit Day schedule is our funding schedule for if you run a Batch after 9PM EST
| Sunday | Monday | Tuesday | Wednesday | Thursday | Friday | Saturday | |
|---|---|---|---|---|---|---|---|
| Batch | After 9PM EST | After 9PM EST | After 9PM EST | After 9PM EST | After 9PM EST | After 9PM EST | After 9PM EST |
| Deposit | Tuesday | Wednesday | Thursday | Friday | Monday | Tuesday | Tuesday |
coreCLEAR Gateway Customers
Customers using the coreCLEAR Gateway will have their Batch Times set automatically by our coreCLEAR team.
MX Merchant Gateway Customers
Customers using Dejavoo Terminals and the MX Merchant Gateway will need to log in to mxmerchant.com and set up their batch times manually.
Bank Holiday Policy
If Monday is a Bank Holiday, any weekend batch funds will be deposited the next business day after the Bank Holiday.
(i.e. Saturday Batches prior to a Monday Bank Holiday will deposit on Tuesday)
Time Zones - Batching
Our Time Zone for Batching is Eastern Standard Time.
The following table shows Batching Times for other time zones based on our Standard:
| Eastern Standard Time (EST) Batching Time - 9PM | Other Time Zones |
|---|---|
| Central Standard Time - Chicago (GMT-6) | 8PM CST |
| Mountain Standard Time - Denver/Phoenix (GMT-7) | 7PM MST |
| Pacific Standard Time - Los Angeles (GMT-8) | 6PM PST |
| Alaska Standard Time - Anchorage (GMT-9) | 5PM AST |
| Hawaii-Aleutian Standard Time (GMT-10) | 4PM HST |
What is Daily Discount?
This approach involves deducting the fees merchants owe on a daily basis, removing the need for end-of-month billing. Without daily discounting, all transaction fees accumulate and are paid at the end of the month. When merchants opt for daily discounting, we simply deposit the net amount after deducting their fees.
Updated on: 10/14/2024
Thank you!