PracticeQ Payments: Gross Funding

As a PracticeQ Payments customer, you will automatically be enrolled in gross funding so the deposits in your bank account will match your daily batch totals.

Gross Funding Information

• Example: If you ran $1,000 in transaction in a single day, and your fees totaled $29, you would see a single deposit of $1,000 to your bank account, followed by a single debit of $29. The net amount would then total $971. 
• This makes reconciliation much simpler in your bookkeeping system of choice.
• Transactions taken by 7:30pm Eastern each day will be funded to your bank account within 48 business hours. 
• You will see these transactions from the name *STAX*IntakeQ on your bank statement.
• IMPORTANT: We cannot guarantee that processed funds will be deposited before the fees are debited from your bank account, so it's best practice to always carry a balance in the account to cover any potential fees, refunds, disputes, etc.