Standard settlement is often three days
Many acquirers settle in three working days as standard, and weekends push that further. For a business turning over £5,000 a week on card, that is a permanent working capital gap sitting with the acquirer.
What faster settlement costs
Next-day or same-day settlement is usually available for a small additional fee or a slightly higher rate. Compare that cost against your overdraft rate — for most businesses the maths favours faster settlement.
Check weekend and bank holiday handling
Ask specifically what happens to Friday, Saturday and Sunday takings. That is where the biggest differences between providers show up for hospitality and retail.
Want this reviewed for your business?
Send us a recent bill and a consultant from our Cardiff office will tell you, honestly, whether you are paying more than you need to.