Get ready for gross… deposits!

When you hear the word “gross,” your first reaction might be… well, “eww!” But at Helcim, we’re turning that idea upside down with our new gross deposit funding system—a way for merchants to get paid in full, with no surprises or deductions. It’s the only time gross is a good thing! Let’s break down what this means for your business.

What are gross deposits?

In the payments world, businesses are mostly exposed to two different funding types: net deposits and gross deposits. With net deposits, fees, charges, and adjustments are subtracted from your earnings before the funds reach your bank account. It’s the typical “what you see is what you get”—except you often don’t see as much as you expected.

Gross deposits work differently. Rather than deducting fees before your deposit, you'll receive the full 100% of what you’ve earned, deposited directly into your account. Any transaction adjustments like refunds or chargebacks are factored in in your deposits, but the fees are withdrawn separately. This results in a more transparent deposits that are easier to track and reconcile.

Why “gross” is actually great for your business

Helcim’s gross deposit system is designed with your needs in mind, offering clear benefits that can simplify your day-to-day operations. Here’s how it helps:

• Full earnings deposited first: No more upfront deductions—what you earn is exactly what lands in your account. (Net of the adjusments to your transactions such as refunds, chargebacks, or returns.) It’s a straightforward approach that gives you full control.
• Cleaner accounting: With fees processed separately, your bank statements are much easier to reconcile. You’ll know exactly what’s coming in and what’s going out without the hassle of mixed entries.
• Predictable cash flow: With your revenue no longer subject to unexpected reductions, it makes it easier to manage your finances and plan ahead.

Why we made the switch

At Helcim, we’re constantly listening to our merchants. The message was clear: businesses want a funding process that’s more transparent and gives them full visibility over their earnings. With gross deposits, we’re delivering on that feedback by giving you more control and visibility.

Gross deposits are particularly helpful for businesses that prefer to manage fees separately, giving you cleaner accounting records and more predictable financial planning. It’s part of our mission to provide tools that make running your business smoother and more efficient.

How Helcim’s gross deposits work

• Full amount deposited: Your daily sales are deposited in full and you’ll get your funds within 2 business days. (Net of adjusments to your transactions such as refunds, chargebacks, or returns.)
• Separate fee processing: Any fees are processed on the same day as a separate line item, allowing you to keep better track of both your earnings and your expenses.
• Clearer bank statements: Because fees are separated, your bank deposits reflect exactly what you earned, simplifying reconciliation.

Ready to get gross?

Helcim’s gross deposits are available now for all merchants. If you’re ready for a funding system that’s transparent, predictable, and built for your business’s success, get started with Helcim for free! Who knew gross could be such a good thing?

FAQs

1. What’s the big deal with gross deposits vs. net deposits?

Imagine selling a whole cake, and instead of getting paid for the entire cake, someone takes a slice before handing you the cash. That’s net deposits. Gross deposits, on the other hand, mean you get the full cake—no sneaky bites taken out upfront.

2. How do gross deposits affect my cash flow?

You get the full amount of your sales upfront making it easier to pay bills, manage your books, and reconcile your expenses.

3. Is it easier to reconcile accounts with gross deposits?

Absolutely. Since gross deposits show the full sales amount without deductions, reconciling your accounts is much simpler. You’ll see the same amount in your sales records and bank account, making it easier to keep track of your finances.

4. Are there any fees associated with gross deposits?

With Helcim, gross deposits are built-in. There are no other fees associated with being on gross deposit funding . You won’t have to worry about hidden charges or complicated fee structures—just straightforward, predictable payments.

5. How can I sign up for Helcim?

Just complete the sign up form online and you’ll automatically benefit from our gross deposit system when your account is approved! It’s easy and free!