MeevoPay Funding, Rates, and Fees

Batchouts and Funding

Batches occur nightly and close at 11:59 pm EST. Sales made after 11:59 pm EST will be included in the following day's batch.

Funds are released to your bank according to the Next Day Funding schedule below. Deposits are initiated to the bank around 11 am, but actual deposit times can vary by bank. 

Note: On Federal/Banking Holidays, your regularly scheduled deposit will occur on the next business day.

Transaction Day of Week	Payout Day of Week
Sunday, Monday	Tuesday
Tuesday	Wednesday
Wednesday	Thursday
Thursday	Friday
Friday, Saturday	Monday

Rates and Fees

By default, MeevoPay has a monthly minimum card volume commitment of $5,000 unless this amount was negotiated further. If the threshold is not met, a 1% Platform Access Fee is assessed against the difference between your commitment and what was actually processed in card volume. Note this minimum is not assessed during your activation cycle (the first two months of using MeevoPay). Refer to MeevoPay's Terms of Service for additional information on minimums and thresholds. 

• Competitive rates:

We can offer a rate analysis to attempt to match your current pricing. 

• No hidden fees: 

There are no hidden fees assessed through MeevoPay, so you don't have to worry about monthly fees, fees for storing cards on file, or fees for account updates and statements.

• Fees on voided or refunded transactions: 

If you void a transaction before batching out, we perform a reversal so a transaction fee is not assessed. On a refunded transaction, the original transaction is assessed a fee, but the refunded transaction is not. 

• Chargebacks:

Our Risk and Underwriting Specialists will reach out to you and alert you if a charge is being disputed. You can view chargeback statuses right from the MeevoXchange by selecting the Chargebacks tab. There is a $25 chargeback fee that is assessed for each new case; we do not assess a fee if an existing chargeback "comes back" and requires additional action.

 

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