Summary

Rapid Deposit is a bundled package designed to improve merchant liquidity, stabilize cash flow, and maximize revenue through faster access to funds. The package provides earlier settlement timelines, lower-cost instant funding, and cashback incentives. It is especially valuable for merchants that rely on consistent cash to fund growth, inventory, or payroll.

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Note: This feature will be going live soon. Watch the updates Slack Channel for more information on the ‘Go Live’ date.

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Availability

Rapid Deposit is available for all Brands.

Processor

<aside> <img src="/icons/unlock_gray.svg" alt="/icons/unlock_gray.svg" width="40px" /> Merchant Permission: Administration

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<aside> <img src="/icons/unlock_gray.svg" alt="/icons/unlock_gray.svg" width="40px" /> Super Admin Role: Support Specialist

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What’s Included In Rapid Deposit

Rapid Deposit will include the following features:

• Rapid Deposit - Deposits received Next Day instead of the standard Two-Day funding schedule.
• Instant Deposit - Available at a reduced 1% rate compared to the standard 1.75%.
• Cashback on Flex Loans - 1% cash back on funded loans through our Capital loan offering.
• Account Updater - Unlimited access to the Account Updater service.

Process

Because Sales is including this in all new deals they sell, we have set the default to 'ON' for all new accounts. Should a merchant decide to opt out, it will be disabled when their Payment Portal account is configured.

When first turned on, new merchants will receive all the benefits from day one but billing won't start until two months after they go live. For example, if a merchant were to go live sometime in Jan, their first bill would be charged on March 1st. Billing always happens on the 1st of each month.

When this is enabled the following will happen: