I have a UK Corporation and was wondering if there were any Banks/Acquirers that offer Daily Settlements.

I understand many of the UK Banks (Streamline/Barclays/Lloyds) settle every 3-4 days however is daily settlement of Credit Card orders possible?

Please advise.

Thanks in advance for all responses.

I believe that daily settlements depend on your volume

Some banks can do daily payout, others have fx. a 7 day's delay and pay then on a daily basis.

Thanks for the responses.

Trinitron, the 7 day delay is fine, as long as settlement occurs daily after that.

Is this something that Forcetronix can assist me with?

MediaEnterprises

arh..tried to PM you but you dont have enough posts. :)

You can email me at MartinJacob@rogers.com

Streamline (and I suspect the others as well), do settle every day, but there is usually a 3-4 day delay in the settlement of the payments.

For higher risk customers they might increase the settlement period to a longer period, but I've not heard of them only settling once every few days.

(We're with streamline for reference)

Regards,

Tony

Thanks for the reply Toons.

I am looking at the following Banks/Acquirers/Solutions

I am having trouble figuring out which to use. I guess I will just have to contact each individually and get as much information from them as possible.

UK - STREAMLINE MERCHANT ACCOUNT
UK - BarclayCard
UK - SCOTLAND - Bank of Scotland
UK - IRELAND - euroConex
PAGO
GERMANY - B+S Card Service
SWEDEN - Euroline
SWEDEN - Samport Payment Services AB
NORWAY - Cardia
NORWAY - Paynet
DENMARK - PBS-Payments.com
ITALY - Sella.it
SWISS - Datatrans AG
GREECE - EDPS S.A.
BELGIUM - BCC - Bank Card Company
CZECH REPUBLIC - Global Payments Inc
LATVIA - BankServiss: IBIS
SWEDEN - S.E.B BANK - Atlantic Payment Merchant Account
GERMANY - Enterpayment.com
GERMANY - WireCard - Germany

Toons,

So you receive your payments daily for sales 3-4 days prior?

Or you receive your settlements every 3-4 days for the prior 3-4 days?

We recieve payments daily for 3-4 days ago. (Think it's 3 days)

Regards,

Tony.

Hi there,

I use Barclays and they settle daily but with a seven day delay as well. This may not be exactly what you're looking for but I strongly recommend them over the other main UK banks. I've used Streamline and HSBC and always found the business people at Barclays to be most knowledgeable and helpful.

Good luck

Hey, a bit of corrections on each institution:
UK - STREAMLINE MERCHANT ACCOUNT - no comments
UK - BarclayCard - as far as I remember very long settlements, up to 45 days, but very good service
UK - SCOTLAND - Bank of Scotland - I dont think Bank of Scotland will accept merchant accounts directly, they owe a few PSPs
UK - IRELAND - euroConex - no comments
PAGO - will settle directly from DeutscheBank these days, with a weekly delay
GERMANY - B+S Card Service - will accept clients from Germany, Austria and a few other countries only after a personal visit to premises.
SWEDEN - Euroline - no comments
SWEDEN - Samport Payment Services AB - no comments
NORWAY - Cardia - probably a gateway not an acquirer
NORWAY - Paynet - probably a gateway, not an acquirer
DENMARK - PBS-Payments.com - no comments, but probably will be very cautious to all non Denmark businesses
ITALY - Sella.it - no comments
SWISS - Datatrans AG - this must be a gateway, the only acquirer in Switzerland is Telekurs
GREECE - EDPS S.A. - no comments
BELGIUM - BCC - Bank Card Company - will direct to it's PSP Ogone.nl, a very good one by the way
CZECH REPUBLIC - Global Payments Inc - no comments
LATVIA - BankServiss: IBIS - Bank Serviss is not an acquirer, it's a service member for latvian banks, You will have to apply to banks first: Parex, UniBanka, HansaBanka, KrajBanka are options.
SWEDEN - S.E.B BANK - Atlantic Payment Merchant Account - no idea
GERMANY - Enterpayment.com - this is a gateway, not an acquirer. Handles high-risk.
GERMANY - WireCard - Germany - this is a gateway, not an acquirer.

The reason why it is important whether it is a gateway or an acquirer is because the settlement (by MasterCard rules particulary) should ALWAYS go from the acquirer, so the acquirer defines the settlement periods and delays and not the gateway.
If you are trying to find the most fast settlement period, you should enquire in general with acquirers only. Please note, that most of acquirers in EU do not have cross-border licenses and will accept businesses only from it's local country, not from all of EU.
From the list I can say that PAGO, B+S, Bank of Scotland, Barclay, PBS, BCC, probably all have this license. PAGO and B+S for sure.

MediaEnterprises,

Here a list of LV banks for you - http://www.fktk.lv/market/credit/banks/

Thank you for the link FashionPoint.

By the way, do you have personal experience with these banks?
Just curious :)

Yes, I had with some of them. If you need more info PM me. :)

I already tried to PM you however it will not seem to work. I think it's because I am new and do not have enough posts.

Any other way I can contact you.

Shoot me an email if you like at "martinjacob @ rogers.com"

MediaEnterprises, keep in mind that there are few banks in Latvia what support the e-commerce transactions.
Parex has it but Parex is too strict in it.