Understanding your merchant statement each month is upsetting because many companies make it next to impossible for you to decipher their terminology and fees. Let Merchant Processing Solutions give you some help with that!
- Know how to access you monthly statements:
- Most companies today have a backoffice and you can access them there.
- Check your "snail mail" and OPEN IT!
- Read the "ATTENTION" box to make sure you understand increases in your rates or other information that effects your merchant account.
- If nothing else, check your NET EFFECTIVE!
- NET EFFECTIVE = SAMPLE Merchant Fees Below: ($593.47 / $23,850) = 2.49%
- Check to see if you had Refunds/Chargebacks or any other "penalties" on your account.
Merchant Processing Solutions is looking to make each one of you informed merchants! If you would like to know more about your merchant account or looking to change processor, please call us and allow us the opportunity to show you an honest/local/professional merchant processing company:
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