iClassPro Support

Settlement Schedule

This settlement schedule is for merchants that close batches at midnight which is our default settlement time. If you settle batches before 7pm CST, then transactions processed prior to the settlement batch time will settle one day sooner. 

The Settlement/Transfer Date is the date we initiate the funds transfer to the bank account. It usually posts to the account the following banking business day.

The Activity Date is the day the transaction is actually processed in iClassPro or on the terminal.

Note: There are no settlements/transfers on bank holidays. Settlements that fall on bank holidays will settle the following business day and then resume the normal schedule. 

Card Not Present (CNP)/ eCommerce

These transactions are processed online through iClassPro. They should show up on the iClassPro Bank Deposit reports, the payment gateway, and the merchant portal.

Settlement / Transfer Date

Activity Date(s)

Monday

Thursday, Friday, Saturday

Tuesday

Sunday

Wednesday

Monday

Thursday

Tuesday

Friday

Wednesday

Card Present (CP)/ Terminal

These transactions are processed using a terminal. They should be entered in iClassPro using the payment type “External Credit Card Device”. They will show up in the merchant portal but they will not show up in the payment gateway.

Settlement / Transfer Date

Activity Date(s)

Friday

Thursday

Monday

Friday

Tuesday

Saturday, Sunday, Monday

Wednesday

Tuesday

Thursday

Wednesday

 

Need More Assistance?

Call us at 877-554-6776. Our business hours are Mon-Fri 9am-6pm Central Standard Time.