Do all online accounts come with next day funding?
Fattmerchant customers who process online are typically approved with next day funding options. However, merchants with little to no processing history may be approved for 48-hour funding.
My account was approved for 48-hour funding. How do I get next day funding?
Merchant applications approved for 48-hour funding typically need a longer processing history before being transitioned over to next day funding. A merchant account can be reviewed for NDF after three months of complete processing with Fattmerchant.
What does it mean if I wasn't approved for next day funding?
If you weren't approved for next day funding, please don't worry at all! Your account is still in good standing. It is not uncommon for newer e-commerce merchants to have access to 48-hour funding. Processors simply like to have history established for e-commerce sales as there is typically more risk associated with card-not-present transactions.
Is there any way to know if my merchant account will have next day funding prior to the application process?
Next day funding eligibility is judged on a case-by-case basis. There is no way to know prior to the application process if your account will be given this feature. However, more than 75% of e-commerce merchants are approved for next day funding at Fattmerchant.
What are some tips to ensure I stay within next day funding parameters?
- Establish more than a year of processing history
- Keep your chargeback ratio below 2%
- Have a minimal amount of fraudulent transactions and declines
- Make sure all website information matches merchant application