For new users, the first few deposits may take up to five business days while QuickBooks sets up your merchant account, Loren. Once your account setup is complete, your payments will typically deposit much faster, usually within two business days. Let me share more details about our deposit timelines.
The speed of deposits depends on the product you are using and the type of payment involved. Standard deposits are processed daily except for Sundays, Thanksgiving Day, and Christmas Day. Conversely, Instant Deposits are processed every day of the year without exception.
You can verify your deposit speed through QuickBooks Online or the Merchant Service Center. If you do not use QuickBooks Online, your deposit speed can be checked in the Merchant Service Center. Here's how to find out how long it takes to deposit payments you processed in each product.
In QuickBooks Online, Here's how:
- Navigate to Gear icon in the upper right of your screen.
- Select Account and settings tab.
- Click the Payments tab.
- Review the Deposit Speed section.
In QuickBooks GoPayment, Here's how:
- Sign in to the Merchant Service Center.
- Select the Activity & Reports tab and then All Statements.
- Find your most recent statement and select View.
- Enter the last 4 digits of your Tax ID number.
- View the Date in the Activity Summary. This is the date the deposit was made.
For additional guidance, you can refer to the article Find out when QuickBooks Payments deposits customer payments.
Moreover, you can find transactions, deposits, or fees using Online Service Center. By using the Online Service Center, you can easily access this information anytime, which helps in making informed financial decisions and maintaining organized accounting records.
If you need any further assistance regarding credit card payment. Feel free to reach to us. We're always here to help!
