What is a Credit Deposit?
A credit deposit is the value of a Merchant’s credit card purchases that are credited to its bank account after the Acquirer buys the Merchant’s sales slips. The deposit is credited. It is not funded until the Acquirer gets the monetary value from the Issuer during settlement.
Electronic Merchant Systems Payment Processing Glossary :
Defining key payment processing and merchant services industry terms to help business owners make better decisions.