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CAKE | Restaurant Management System & POS

CAKE Payments Funding Schedule

Learn about the CAKE Payments funding schedule.

 

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! Screen Shot 2017-10-18 at 11.09.32 AM.png

PAYOUT SCHEDULE

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Note:

If you are using CAKE Payments, the system will auto-close cash for you (batch your credit cards) at 4:00am the next morning once your first card transaction entered on the POS has reached 24 hours and you have not closed cash yet. For example, if you close cash at 7pm and do a card transaction at 7:05pm, but you do not close cash by 7:05pm the next day, the system will do that for you at 4:00am the following morning if you still haven't closed cash by then, 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.