Merchant Statement Report Breakdown

DEFINITION

The merchant statement is a report available within merchant track reporting tool that provides an overview of selected month’s transactions, payment methods, deposits and fees.

OBJECTIVE

To assist merchants identify how to understand the statement to meet their reconciliation needs.

MERCHANT STATEMENT SECTIONS

• Summary is not the summary for the entire statement but is only referenced for summary by day, which are all the transactions processed during that month. 1.This is affected by batch cutoff times.
  • The standard is 8:05 p.m. CST for both debit and credit. The credit is the batch time we can change; however, is a concern for reconciliation.
• Summary by Day - is a summary of transactions by day which includes refunds, chargebacks and fees
• Summary by Payment Method – is a summary of payment methods (card brands e.g. Visa, Mastercard, Discover, and American Express) of transactions processed during the month
• Summary by Deposit - is a summary of deposits received within the selected month
• Fee Summary – is a summary of fees in the selected month but will be for card brand fees from transactions processed two months prior
• Chargeback Summary – is a summary of any chargebacks that occurred within the selected month

MERCHANT STATEMENT OVERVIEW