When you process a payment through your device, the transaction is sent through the payment network for authorization and settlement. Once settled, the transaction amount is deposited into your linked bank account.
Funding Schedule#
Deposits are typically made on business days, depending on your settlement settings. Transactions processed before the daily cutoff time are grouped into a batch and funded together. You’ll receive a single deposit for the total of that batch.
Monthly Fee Collection#
While transaction deposits occur daily, any applicable service or processing fees are collected monthly from your linked bank account on the first day of each month.
Reviewing Daily Batches#
To view your daily batches:
1. Log in to your Clover Dashboard
2. Click on Finances in the left-hand menu
3. Select Closeout
4. Click on the Batch Code to review batch details
If you have questions about your funding schedule or need help reviewing your deposits, feel free to contact our support team at support@peloton-technologies.com.