Funding even on bank holidays with True Daily Funding
With a calendar full of holidays ahead, now is a great time to remind your customers that they no longer have to work around bank holidays to access their cash when they need it.
Powered by the Real-Time Payments (RTP) network, Elavon’s True Daily Funding solution allows businesses to receive their funds within hours of a batch submission, seven days a week – even when banks are closed.
Beginning later this month, RTP will raise its transaction limit to $10 million – a tenfold jump from the current $1 million cap.
As long as the merchant’s bank is a participating institution, they can get access to their funds faster. At a time when more control over cash flow is critical to small- and medium-sized businesses trying to stay afloat, fast funding can help with making payroll, paying utilities, attending to unexpected emergencies or establishing more efficient business management practices.
Unlike some providers that offer a same-day funding option but charge a transfer fee of 1.75% of the batch each time the service is used, Elavon’s True Daily Funding solution has a competitive monthly fee instead of a hefty per-occurrence percentage fee.


