Business Day Chip Cards PCI DSS 
Clearly Payments
DECEMBER 2, 2024
The terminal communicates with the card issuer to approve the payment. Once approved, the funds are transferred to the business’s merchant account, typically within 1–3 business days (same day or next day with Clearly Payments ). Pros Fast and secure transactions. Transaction fees range from 1.5%
Payment Savvy
JULY 3, 2024
This response is sent back through the card network to the acquiring bank, which then communicates the result to the merchant. Clearing and Settlement At the end of a business day or a predetermined period, the merchant batches all approved transactions and submits them to the acquiring bank for settlement.
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