How will my client receive payouts from processed transactions to the iCard Business account?

When you offer a bundled service, your clients will use their iCard Business account for payouts and settlement of received funds from processed card transactions, without the applicable fees for accepted card payments according to the Physical POS Tariff. This account can be used for bank transfers, salary payments, or cash withdrawals via business cards, ensuring greater control and flexibility.

Payouts to the iCard Business account can be processed daily, weekly, or twice a week, depending on the frequency you set in the physical terminal application. 

Keep in mind that the iCard Business account is an e-money account where the merchant will receive the amount of all processed transactions, excluding the applicable fees, and then use these funds to perform money transfers and payments with their business cards.

To track all processed card transactions, download reports and gain useful insights, the client will have access to our web-based analytical platform iCard Direct. Learn more about it here.