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    What is an EFT Repayment?

    Definition of an EFT Repayment

    Description

    What is an EFT Repayment?

    Resolution

    Virtual Check transactions are funded per batch settlement. There will be separate deposits for each Originator ID.

    These deposits are called "EFT Repayments." You can view your recent and upcoming repayments from the Virtual Terminal by going to the Reporting menu and selecting EFT Repayments.

    There is also a repayment notification that is sent the same day a deposit is submitted to your bank. It includes information about the fees you are paying.

    If you have any questions or require additional information, please submit a ticket and we will be in touch with you shortly.

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