Both C&H Financial and SafeSave Payments Gateways* have a default Settlement Schedule for credit/debit card transactions. This time is the cut-off for same-day processing and any electronic payment transmitted after this time will process (or settle) the following day:
- C&H Financial - 8:00 pm (ET)
- SafeSave Payments - 7:30 pm (ET)
Keep in mind if you live in a different time zone, your settlement time will be earlier or later than the times posted above. Note: The Settlement Schedule for ACH processing may be different. Please check with your gateway provider.
Under certain conditions, you may be able to change your Settlement Schedule to 11:30 pm (latest time available). In addition, you can confirm your time zone is correct in your Virtual Terminal. This will ensure a better match between your Jackrabbit revenue reports and the merchant processing statement. This is important when trying to reconcile your bank account.
Changing your settlement time may affect when you receive your payments. Contact your gateway to ensure it can be changed and they will make any updates for you.