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:

.

Still need help? Contact Us Contact Us