Batch Deposit

A batch deposit is when a merchant groups multiple transactions together to process them all at once at the end of the business day.

This method is widely used in the payments industry. It helps streamline the settlement process and ensure that deposits are made promptly into a merchant's bank account.

When a batch is submitted, payment processors and banks go through it to check transaction details, assess fees, and carry out the necessary transfers. This practice allows businesses to manage their cash flow more effectively, speed up processing times, and reduce the chance of mistakes. It's especially useful for businesses that handle a large number of transactions, helping them keep their financial operations running smoothly and their accounting spot on.

See also batch processing