Credit card processing can often be a challenge for clean accounting because many credit card processors batch their transactions each day at midnight UTC (8pm ET, 5pm PT). Any transactions processed after that cut-off time will be lumped into the next business day's deposit.
Boulevard will automatically hold transactions an extra day to cover for a full business day and ensure that bank account deposits match a full calendar day of sales. For easy reconciliation, the deposited amount will match the total amount at the bottom right of the Sales Summary report.
Payout Schedule Example
Transaction Window Start | Transaction Window End | Deposit Initiated | Arrives in Bank |
Monday 12:00am | Monday 11:59pm | Tuesday 6pm PT | Wednesday |
Tuesday 12:00am | Tuesday 11:59pm | Wednesday 6pm PT | Thursday |
Wednesday 12:00am | Wednesday 11:59pm | Thursday 6pm PT | Friday |
Thursday 12:00am | Thursday 11:59pm | Friday 6pm PT | Monday |
Friday 12:00am | Friday 11:59pm | Saturday 6pm PT | Monday |
Saturday 12:00am | Saturday 11:59pm | Sunday 6pm PT | Monday |
Sunday 12:00am | Sunday 11:59pm | Monday 6pm PT | Tuesday |
Monthly Activity Report
On the Payment Processing tab of your Manage Business settings you have a “Monthly Activity” tab with two important reports, namely, Transactions report and Adjustments report. Depending on your fee type, i.e., Fixed Flat or Interchange Plus, the contents of these two reports will vary as below. Refer to the appropriate section based on your fee type:
Fixed Flat
Transactions Report: This report will provide the sale and fee information for all the transactions for a given month. Click on the “Download Transaction CSV” against the specific month you want to download this report for. Apart from providing the details of the transaction, it shows the total fees charged for a transaction in the “Gateway Fee” field. Please note that it takes up to two days from the transaction date for the Gateway Fee to populate. This fee is calculated based on your merchant processing fee schedule and deducted daily from your deposit. The Interchange Fee field will always be 0.
Adjustments Report: This report shows any chargeback fees that you may have incurred for the previous month. It is generated on the 10th of every month and you will be debited separately from your Bank Account. The total amount is shown in the "Adjustments column". Clicking this amount allows you to download the report.
Interchange Plus
Transactions Report: This report will provide the sale and fee information for all the transactions for a given month. Click on the “Download Transaction CSV” against the specific month you want to download this report for. Apart from providing the details of the transaction, it shows the passthrough interchange (Interchange Fee field) and processing fees (Gateway Fee field) that were assessed on every transaction. The processing fee is based on your fee schedule and the interchange shows what the card brands charged for the transaction and passed on to you. Both these fees are deducted daily from your deposits. Please note that it takes up to two days from the transaction date for the Interchange Fee and Gateway Fee to get populated.
Adjustments Report: This report shows any chargeback fees, and passthrough fees such as card network fees, and assessment fees that you incurred for the previous month. It is generated on the 10th of every month and you will be debited separately from your Bank Account. The total amount is shown in the "Adjustments column". Clicking this amount allows you to download the report.
Notes:
Deposit times are approximate
Depending on the amount, your bank may hold the deposit for an extra day
National holidays will extend length of time between transaction and deposit