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.

 

Transaction Day	Payout Day of Week
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.

 

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