The merchant will be ACH debited for each day's transaction 5 days later, and this debit will be included in each morning's debit e-mail report. There will be no exception to the billing. If merchants cannot agree to this billing, they cannot be AMIS customers. The actual debit for these transactions will occur that night during the next processing cycle. Simultaneously, the merchant's settlement account or bank account statement is updated and can be viewed or printed by the merchant if they have Internet access.
Contract terms are a minimum of one year.
For UCC and CCD formats there is no limit on the amount of the transaction. The recurring transactions require only one entry since the debit or deposit is always the same amount. How Qdebit Software works in the Accounts Payable Environment 1. The merchant enters the ABA routing and account numbers from which the funds are to be withdrawn. The merchant enters the ABA routing and account numbers to which the funds are to be deposited.