Below, you will find the funding payout schedule for CAKE Payments.
NOTE: If you have opted into our Accelerated Funding option for your deposits, there is information here on that payout schedule as well as a handy FAQ.
You can download the information below as a helpful PDF document by clicking here. Print as needed and hang on that bulletin board in your back office!
- All Card Brands at the Same Rate
- No Monthly Fees
- Fast Deposits Daily
- No Refund Fees
- No Hidden Fees
- No Inactivity Fees
- $20 Chargeback Fee or $0 (Full refunded back to you if you win your case)
- Free ACH Payment Deposit ($5.00 for each failed ACH Payment)
Note: If you are using CAKE Payments and you fail to close cash for 10 straight days (batch your credit cards), the system will auto-close cash for you (batch your credit cards) if there are any transactions that take place during that time period. For example, if you close cash at 7pm and do a transaction at 7:05pm, but you do not close cash for the next 10 days, the system will do that for you, you will receive the email (as will anyone else you've setup to receive the close cash email) and you can print the receipt by going to Main Menu>Close Cash and searching for the sequence.