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Merchant Account Reviews



What to Expect in Your Monthly Statement

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What should you expect in your monthly merchant account statement? Most processors bill on a schedule called daily discounting. The discount rate is taken out before the deposit. The remaining fees are then debited from your checking account at the beginning of the following month. Once a particular month has passed, the statements are then generated around the first week of the new month. You should receive your statement in the mail no later than 2 weeks of the start of the new month. If you have not received your statement, please contact customer service to ensure that we have the correct mailing address.

The following list of credit card processing fees are ones you may expect to find in your monthly merchant statement.
  1. Monthly Service Fee
  2. Monthly Minimum (if applicable)
  3. Monthly Gateway Fee (if applicable)
  4. Transaction Fees
  5. Batch Fees
  6. AVS Fee (applies to keyed in sales)
  7. PCI Compliance Fee
  8. Chargeback & Retrieval Fee (if applicable)
  9. Annual Fee (not with Gotmerchant.com)

Credit Card Processing Articles
  1. Why Should you Accept Credit Cards?
  2. The Different Types of Merchant Accounts
  3. How to Avoid Credit Card Processing Downgrades
  4. Merchant Account Responsibilities
  5. The Different Types of Credit Card Machines
  6. What is a Merchant Account?
  7. Why Avoid Credit Card Terminal Leases?
  8. 3 Ways to Save Money on Credit Card Processing
  9. Credit Card Processing Checklist
  10. Pros & Cons of Credit Card Processing
  11. What to Expect in Your Monthly Statement
  12. The History of Credit Card Processing
  13. Recent History & Future of Credit Card Processing
  14. The Different Organizations of Merchant Services
  15. The Glory Details of Disputes, Retrievals & Chargebacks
  16. Understand All the Risk with Merchant Services
  17. Factors & Guidelines to Merchant Service Underwriting
  18. The Life Cycle of a Credit Card Transaction



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