A Micro-deposit is a small amount of money (usually less than $1.00) sent by a payment processor to a user’s bank account to verify that the account details are correct and that the user owns the account. This is commonly used when setting up bank payouts or setting up Direct Debit payments (ACH, SEPA) for customers.

FAQs:

  • How long do micro-deposits take to appear?
    They typically take 1–3 business days to appear on a bank statement.
  • What do I do with the micro-deposit amounts?
    You must enter the exact amounts received into your verification page to confirm the bank account is yours.
  • Why verify via micro-deposits instead of instant verification?
    Micro-deposits are a fallback method when instant bank verification (using login credentials) is not available or fails.

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