Priority Payment Systems
On a monthly basis, on or around the 2nd of each month (or the following business day if the 2nd falls on a weekend, Priority Payment Systems will initiate an electronic funds transfer with your checking account for fees from the prior month. Priority Payment Systems will debit your checking account (they withdraw funds) for fees. For example, if total fees are $100 for the month of June, your checking account will be debited on July 2nd for the $100. (If the 2nd of the month falls on weekends or holidays, the debit will occur the next business day.) You can see all your fees from your Simplify Commerce dashboard.
EVO Payments International
EVO Payments International provides net depositing for online accounts. This means the deposits for your payments will be net of your Discount Rate, Dues/Assessments, Cross Border, and Misc Network Fees.
On a monthly basis EVO Payments International will initiate an electronic funds transfer for any Monthly Fees, Minimums, Chargeback Fees, FANF (Fixed Acquirer Network Fee), Retrievals, or Per Auth Fees, if applicable.