Understanding Credit Card Deposits and Withdrawals
Understanding Credit Card Deposits and Withdrawals with a Jituzu Merchant Account
Generally, if you charge a client prior to 5pm Eastern time, it will be deposited the next day as a net deposit (gross charge- transaction fees). If a client is charged after 5 pm, that deposit will be made one day later.
Bank Statement Descriptions for Jituzu Credit Card Processing (Debits & Credits):
MCP/Jituzu Transfer: It is a merchant refund that will debit your account for a refund you have issued to the client.
MCP/JItuzu Merchant Deposit: Deposit of credit card transactions in Jituzu. This occurs Net/Daily.
Example of transaction and deposit timing: