Credit card processing and merchant services in Guelph, ON

Guelph added people faster than Ontario as a whole between the last two censuses: 9.1% growth to 143,740 residents in 2021, against 5.8% for the province. Businesses that grow tend to feel cash flow before they feel fees, so put a plain question to your processor: when does today's card money reach your bank account?

Card sales don't arrive the moment a customer taps. Your terminal closes a batch, the batch is settled, and your acquirer makes the deposit. How long that takes depends on your provider's funding schedule and the batch cutoff time. We offer same-day or next-day funding options, which matter most when you pay suppliers weekly or carry a lot of stock.

Then look at how fees come out. With net funding, fees are taken from each deposit, so deposits never quite match sales. With gross funding, deposits match your batches and the fees go in one monthly debit. Either works if you reconcile: match every batch total to the deposit that settles it, and chase any gap. Part of each deposit is also the 13% HST you collected and will remit, so not all of it is yours to spend.

Hotels, motels, bed and breakfasts and shared accommodation such as Airbnb have one more amount mixed into their deposits. The City of Guelph began collecting a 4% Municipal Accommodation Tax per room per night on September 1, 2022. It's added to the room rate at the end of the guest's bill before HST is calculated, so HST applies to the MAT as well.

Our guide to same-day funding explains the timing in more detail, and our payment processing page covers the rest of the setup. For your current costs and deposit schedule, send a statement for a free statement review. The Ontario page has the province-wide rules.