Service Fee

Instabill processes and pays merchants for sales on a bi-monthly basis. All credit card transactions occurring between the 1st and the 15th days of any month are accounted as transactions occurring within payment period A. Any credit card transaction occurring between the 16th and the last day of any month are accounted as transactions occurring within payment period B.

The first monthly payment consists of transactions falling within period A. They are processed and paid on the 16th of every month. The second monthly payment consists of transactions falling within period B. They are processed and paid on the 1st of the following month.

Once payment checks are processed, we send them out via regular mail. You can request overnight delivery or wire transfer at an additional cost. You should expect to receive checks around the 6th and 23rd of each month.

Reserve Fund

As is customary in the credit card transaction processing industry, Instabill.com will withhold 10% of credit card payment check of each billing period and place it into a private reserve fund. Six months following the date of each check, the 10% reserve fund is paid out to you.

The reserve fund is used to protect payment processors like Instabill.com from detrimental losses that may occur from chargebacks or refund requests when customers do not receive their item, service or access to a web site, and then demand their money back.