Batch Fee Definition

Merchant Account Batch Fee Explained:

What is a Batch Fee? A “batch” is the total dollar amount of credit card sales charged in a single business day that will be deposited into a business owner’s checking account. Instead of business owners getting a deposit for every credit card sale, the sales are “batched” together into one overall deposit. Batch amounts are typically transferred and deposited within 48 hours. Generally, merchants must settle batches manually but some credit card systems can automatically settle daily batches at preset intervals. Typically, batches must be settled every 24 hours or else all the transactions of the batch will be charged the maximum transaction fees no matter which pricing tier each transaction fell into originally. Batch fees usually cost around 15 – 25 cents per batch and vary by processor. Other known name variations for “Batch Fee” are: Batch Capture Fee, Batch Header Fee, Batch Settlement Fee or Daily Closeout Fee.

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I'm a former credit card processing sales director who left the industry because I didn't like how it takes advantage of small business owners. It feeds like a leech on businesses and thrives by imposing fees that are nearly impossible to comprehend. Seeing a need for change, I left and built this website help business owners better understand the industry, research merchant services providers, and get refunds of excessive merchant account fees. My experience of working "behind the curtain" in the industry, and using that knowledge for good, has resulted in millions of dollars returned to hard-working small business owners as well as enterprise-level companies.

From the time that I starting working in the merchant services industry to when I left to create this website, I've been on the pulse of payments for nearly 15 years. It didn't seem fair to keep this "insider" knowledge to myself. To lift the fog, I've reviewed hundreds of companies, read thousands of user reviews, and learned the pricing tricks of every provider. If you have questions about credit card processing, you can find the answers on this website.

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