Our accounts are all structured for gross deposits. That means that we’ll deposit full transaction amounts into your bank account, and then take all of our fees out as one lump-sum, in the month following processing.
For example, let’s say you took 10 donations of $500 each during the month of June, for a total of $5,000. Your bank account would get funded for each $500 transaction 2 days after it occurred. At the beginning of July, we’d sum up all of the processing fees for the entire month of June – let’s say those fees came to $90. Then, we’d directly withdraw the $90 from your checking account, during the first week of July, as one lump-sum. You’ll have online access to your account for further details, and will also be mailed a paper statement.