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What is Clover Rapid Deposit

Updated January 18, 2024

  • What is Clover Rapid Deposit?
    • Clover Rapid Deposit is a service that provides faster access to the funds generated by sales transactions. This enables you to avoid the lag time of the traditional settlement funding process by transferred directly to a merchants VISA or MasterCard business debit card.
    • A 1.75% fee applies.
  • How much can you transfer?
    • Established businesses can transfer up to $10,000 of eligible sales deposits per request, with no limit on the number of requests per day.
  • It’s easy to set up
    • Enroll in a few minutes on your Clover Dashboard or any of your Clover devices.

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