MeevoPay Funding, Rates, and Fees

Batch and Funding Schedule

Batch Timing

Meevo batches sales transactions every night at 11:59 PM local time. Any sales made after this time will be included in the next day’s batch.

Funding Timeline

Deposits to your bank account follow our Next-Day Funding Schedule (see table below). Please note that actual deposit times may vary depending on your bank.

Important: On Federal or Banking Holidays, deposits will be delayed until the next business day.

 

Meevo Transaction Day	MeevoPay Payout Deposit Day to Bank
Monday	Tuesday
Tuesday	Wednesday
Wednesday	Thursday
Thursday	Friday
Friday & Saturday (combined)	Monday
Sunday	Monday

 

Notes on refunds: Refunds are processed like standard transactions and follow the same batching schedule outlined above. Because refunds are included in daily batch totals, it's possible for a day's batch to show a negative amount (for example, if a refund is issued and no new sales were processed that day).

Rates and Fees

Monthly Minimum Commitment

By default, MeevoPay includes a $5,000 monthly minimum card volume commitment, unless a different amount has been negotiated. If this threshold is not met, a 1% Platform Access Fee is applied to the difference between your actual processed volume and the committed amount.

Note: This minimum is waived during your activation cycle (the first two months of using MeevoPay). For full details, refer to MeevoPay's Terms of Service. 

Pricing & Fee Structure

• Flexible, competitive pricing: MeevoPay offers flexible, competitive rates for flat-rate models as well as Interchange Plus (IC+) passthrough pricing. 
• Net settlements: Credit card processing fees are subtracted before funds are deposited, so your business receives a single deposit for the net amount (total sales minus fees) directly into your bank account.
• No hidden fees: There are no hidden fees assessed through MeevoPay, so you don't have to worry about fees for declines, authorizations, refunds, PCI, storing cards on file, auto-account updates, or fees for account statements.

Transaction Reversals and Refunds

• Voided transactions (before batch close): Transactions voided before batch close are reversed automatically; no transaction fee applies.
• Refunded transactions (after batching): The original transaction is assessed a fee, but the refund itself does not incur an additional fee.

Chargebacks

• If a charge is disputed, our Risk and Underwriting team will contact you directly.
• You can view and manage chargebacks in the MeevoXchange by selecting the Chargebacks tab.
• A $25 chargeback fee is applied each new case only.
• If a case is reopened (not new), no additional fee is assessed.

 

---