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We understand how important cash flow is to your business. That’s why the majority of your card transactions are deposited into your bank account the next business day.

However, you will notice that the total amount on your end of day report will be different to the amount transferred to your account. This is for two reasons: 

  1. Takings from international cards are deposited three to five days after the transaction. Domestic card takings are deposited the next business day 
  2. We transfer your account the total transaction value for that day minus the rates charges - this is called net settlement. 

You can view, filter and export your settlement information in Saga. Log in or find out how.  


Net settlement 

For each card transaction you pay a rate that is calculated as a percentage of the transaction value. 

This charge is deducted from the overall transaction value before being deposited in your bank account. 

Example: You make a sale worth $5.00 via a Visa Debit Card. If your agreed rate for Visa Debit cards is 1.0% then the rates charge is 5c. This means $4.95 will be transferred into your account. 

You can view your transaction charges and monthly statements in SagaLog in or find out how.  


Transfer timeframes

This means that if you accept a variety of currency types, your daily takings will not all be transferred on the same day.

Trading day When money is transferred to your account

Monday to Thursday - domestic card takings 

The following day
Friday to Sunday - domestic card takings Monday 
Monday to Sunday - international card takings Three to four business days later