What is the difference between daily and monthly billing?
Daily billing merchants are assessed their daily processing fees every day and are applied to their batch. So they will receive their deposit and they will receive a debit of the daily processing fees. Daily billing merchants are also subject to fees at the end of the month, such as their fixed fees and monthly volume card brand fees.
Monthly billing merchants are assessed all of their fees one time at the end of the month. Their daily batches are not affected.