ChiroSpring Pay Time for Deposits & Gross Funding Definition

ChiroSpring Pay Gross Funding

With ChiroSpring Pay, deposits follow what is called Gross Funding. Gross funding is when the deposits in your bank account match your daily batch totals.

For example, if you ran $1,000 in transactions in a single day, and your fees totaled $29, you would see a single deposit of $1,000 to your bank account.

ChiroSpring transaction fees are debited from the account on the 5th of each month. In the ChiroSpring Pay Portal under Reports, review the Fee Statements Report for details on the fees.

This makes reconciliation much simpler within your bookkeeping system of choice.

Transactions taken by 8:00pm EST each day will be funded to your bank account within 48 business hours for credit card transactions, and 5 business days for ACH transactions.