American Express offers three standard Merchant payment plans:
Three day direct credit
Under this plan, payment for Charges submitted either
under a properly completed Charge Summary Form or
electronically through Electronic Data Capture Terminals
will be made directly to your business bank account on the
third business day after we receive such Charges from you.
Next business day direct credit
Under this plan, payment for Charges submitted to us
electronically and in accordance with our instructions
will be transmitted directly to your business bank account
on the business day after we receive such Charges.
Eligibility to receive next day direct Credit depends
on your industry, whether you process transactions electronically and other account factors. To find out if you are eligible please call 0 2273 5100 between 8:30am and 5:00pm, Monday to Friday.
Weekly payment plan
Under this plan, payment for Charges submitted either
under a properly completed Charge Summary Form or electronically
through Electronic Data Capture Terminals will be made directly
to you within seven calendar days of our receipt of such Charges from you.
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