Settlement terms to change to one day in Spring 2022

Article by Megan Grosso

One day settlements (we call it T+1) are soon to be the norm for all card processors. This is a change that will start with First Data in which all other card acquirers are likely to follow suit.

So, what does this mean for your business?

  1. If you’re on T+2 or T+3, your payments will change to T+1 at no extra cost.
  2. If you’re on T+1, your charge will be reduced to zero.

For more info, call our office on 01245 330720.

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