Credit card processing can often be a challenge for clean accounting because many credit card processors batch their transactions each day at midnight UTC (8 pm ET, 5 pm PT). Any transactions processed after that cut-off time are lumped into the next business day's deposit.
Boulevard automatically holds transactions for an extra day to cover a full business day and ensures that bank account deposits match a full calendar day of sales. For easy reconciliation, the deposited amount matches 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 12:00 am | Monday 11:59 pm | Tuesday 6 pm PT | Wednesday |
Tuesday 12:00 am | Tuesday 11:59 pm | Wednesday 6 pm PT | Thursday |
Wednesday 12:00 am | Wednesday 11:59 pm | Thursday 6 pm PT | Friday |
Thursday 12:00 am | Thursday 11:59 pm | Friday 6 pm PT | Monday |
Friday 12:00 am | Friday 11:59 pm | Saturday 6 pm PT | Monday |
Saturday 12:00 am | Saturday 11:59 pm | Sunday 6 pm PT | Monday |
Sunday 12:00 am | Sunday 11:59 pm | Monday 6 pm 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, the Transactions report and the Adjustments report. Depending on your fee type, i.e., Fixed Flat or Interchange Plus, the contents of these two reports varies as below. Refer to the appropriate section based on your fee type:
Fixed Flat
Transactions Report: This report provides 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 are 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 provides 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 are 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 extend the length of time between transaction and deposit