Overview
Glide allows financial institutions to easily accept credit and debit card payments on the member flow. Glide supports all major card brands in the US (Visa, Mastercard, Discovery, American Express) as well as funding via Apple Pay and Google Pay.
Flow of Funds
Notes on Settlements
Fees are deducted from the settlements before it is sent to the financial institution. Transaction breakdowns can be downloaded from the card payments dashboard.
If any disputes or refunds occur, these will be taken out of the settlement for the following day
Settlements are automatically approved each business day. For transactions on weekends or federal holidays, the settlement is not approved until the next business day.
FIs control which account and routing number the settlements are sent to. See our Card Merchant Onboarding Form Guide for more info. To update this after going live, please open a ticket with our team.
Notes on GLs
FIs control which GL is used to transfer funds from when a member makes a successful transaction (See Day 1 in the example above).
Symitar:
Please provide a 3 digit user defined GL code.
XP2:
Please provide a GL account in the format of: XXXX-XXXX.
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