Closeouts & Funding

Closeouts, Funding, & Tips

Closeout Adjustments

This account update procedure is primarily used when a merchants need to adjust closeout cutoff times, next-day funding, and how tips are handled with auto-closeout.

Closeout Cutoff Times

Next-day funding cutoff: 9:30 PM EST
Next-day funding cutoff with tips enabled: 8:00 PM EST

If a merchant closes out after the cutoff time, the deposit will be delayed by one business day.

EXAMPLE: If Ivy Mike’s Bar closes out at 11:38 PM EST on Monday, the deposit will arrive on Wednesday.

Tips Entered on Clover Devices

Tips added directly on a Clover device are automatically included with auto-closeout
No manual adjustment is required

Tips Entered on Paper Receipts

Tips collected via paper receipts must be entered manually
Tips must be entered at least 50 minutes prior to the scheduled closeout time
This allows sufficient time for the system to process tip adjustments before the batch is submitted

NOTE: Failure to enter paper receipt tips before this window may result in tips being excluded from the deposit.

Adjusting a Merchant’s Closeout Time

Email hello@atlaspayments.co and include the following:

Merchant DBA name & MID
The requested closeout hour

Upon receipt of the request, the request will be updated the same day.

NOTE: Closeout times can only be adjusted in one-hour increments

Closeout Adjustments

This account update procedure is primarily used when a merchants need to adjust closeout cutoff times, next-day funding, and how tips are handled with auto-closeout.

Closeout Cutoff Times

Next-day funding cutoff: 9:30 PM EST
Next-day funding cutoff with tips enabled: 8:00 PM EST

If a merchant closes out after the cutoff time, the deposit will be delayed by one business day.

EXAMPLE: If Ivy Mike’s Bar closes out at 11:38 PM EST on Monday, the deposit will arrive on Wednesday.

Tips Entered on Clover Devices

Tips added directly on a Clover device are automatically included with auto-closeout
No manual adjustment is required

Tips Entered on Paper Receipts

Tips collected via paper receipts must be entered manually
Tips must be entered at least 50 minutes prior to the scheduled closeout time
This allows sufficient time for the system to process tip adjustments before the batch is submitted

NOTE: Failure to enter paper receipt tips before this window may result in tips being excluded from the deposit.

Adjusting a Merchant’s Closeout Time

Email hello@atlaspayments.co and include the following:

Merchant DBA name & MID
The requested closeout hour

Upon receipt of the request, the request will be updated the same day.

NOTE: Closeout times can only be adjusted in one-hour increments

Company

Made for

The Clover name and logo are owned by Clover Network, LLC, a wholly owned subsidiary of First Data corporation, and are registered or used in the U.S. and many foreign countries.

Company

Made for

The Clover name and logo are owned by Clover Network, LLC, a wholly owned subsidiary of First Data corporation, and are registered or used in the U.S. and many foreign countries.

Company

Made for

The Clover name and logo are owned by Clover Network, LLC, a wholly owned subsidiary of First Data corporation, and are registered or used in the U.S. and many foreign countries.