When Are Transactions Sent to the Bank with Helcim?

Managing your cash flow effectively is crucial for any business. Understanding when your transactions are sent to the bank can help you plan and manage your finances more efficiently. In this article, we'll delve into when transactions are sent to the bank with Helcim, a leading payment processing platform.

Payment Processing with Helcim

Helcim offers a comprehensive suite of payment processing solutions for businesses of all sizes. When a customer makes a purchase using Helcim, the transaction goes through a series of steps:

1. Authorization: The customer's payment information is verified, and the transaction is authorized.
2. Settlement: The funds are transferred from the customer's account to Helcim's merchant account.
3. Disbursement: Helcim sends the settled funds to the merchant's bank account.

Transaction Disbursement Schedule

The timing of when transactions are sent to the bank with Helcim depends on the merchant's disbursement schedule. This schedule determines the frequency and timing of disbursements. The most common disbursement schedules are:

• Daily: Transactions are sent to the bank every business day.
• Weekly: Transactions are sent to the bank once a week, typically on a specific day.
• Bi-weekly: Transactions are sent to the bank every two weeks, typically on specific days.
• Monthly: Transactions are sent to the bank once a month, typically on a specific day.

How to Set Your Disbursement Schedule

When you sign up with Helcim, you will be asked to choose a disbursement schedule. The best schedule for your business will depend on your cash flow needs and preferences.

If you need access to your funds quickly, a daily or weekly disbursement schedule may be best. However, if you have a high volume of transactions, a bi-weekly or monthly schedule may be more efficient.

Changing Your Disbursement Schedule

You can change your disbursement schedule at any time by contacting Helcim support. It's important to note that changing your schedule may affect the timing of when transactions are sent to the bank.

When to Expect Funds in Your Bank Account

Once Helcim sends the funds to your bank, the timing of when they will appear in your account depends on your bank's processing times. Most banks will credit the funds to your account within 1-3 business days.

Tips for Managing Your Disbursement Schedule

Here are a few tips for managing your disbursement schedule effectively:

• Consider your cash flow needs: Choose a schedule that aligns with your business's cash flow requirements.
• Monitor your transactions: Track your transactions regularly to ensure that they are being sent to the bank according to your schedule.
• Contact support if needed: If you have any questions or issues with your disbursement schedule, don't hesitate to contact Helcim support.

Case Studies

Case Study 1:

A small business with a high volume of daily transactions chose a daily disbursement schedule. This allowed them to access their funds quickly and avoid cash flow shortages.

Case Study 2:

A large business with a monthly billing cycle chose a monthly disbursement schedule. This simplified their accounting processes and reduced the number of bank deposits.

Case Study 3:

A non-profit organization with unpredictable cash flow chose a bi-weekly disbursement schedule. This gave them the flexibility to receive funds more frequently when needed.

Conclusion

Understanding when your transactions are sent to the bank with Helcim is essential for managing your cash flow effectively. By choosing the right disbursement schedule and monitoring your transactions, you can ensure that your business has access to the funds it needs when it needs them.

Additional Resources:

• Helcim Disbursement Schedule
• Payment Processing Times
• Managing Your Cash Flow