Submission

Submission is the process of sending batch deposits to Merchant Services for processing. This process involves compiling a collection of transactions, often referred to as a batch, and transmitting them to the payment processor for settlement. Submissions can be conducted electronically or by mail, depending on the merchant's setup and the payment processor's requirements.

Key aspects of submission include:

In summary, submission is the process of sending batch deposits to Merchant Services for processing, either electronically or by mail. This process involves creating batches of transactions, transmitting them to the payment processor, and ensuring accurate and secure settlement of funds into the merchant's bank account.