Groovv Trasnsactions

Review credit card processing reports, statements and billing information…

Understanding Your Statement

 

Deposits section image

# Title Description
1 Statement Date The last day of the billing cycle for that month.
2 Merchant ID A 16 digit account number that is a unique identifier for your business.
3 DBA The Doing Business As Name on file
4 DEPOSITS A summary of the deposits to your account throughout the month
5 Day The date each batch was settled throughout the month, if settled before 5:00pm PST.
6 Ref No. Deposit Reference Number
7 Items The number of transactions in the batch settled on that date
8 Sales The total sales included in the batch settled for that date
9 Credits The total credits(refunds) included in the batch settled for that date
10 Disc The qualified discount rate (%) dedicated from each batch
11 Net Deposit Total Amount deposited from each batch.
12 Transaction Total Total number of transactions processed in the month
13 Sales Total Total amount of credit card sales processed in the month
14 Credit Total Total amount of credit card credits processed in the month
15 Disc Total Total ($) qualified discount rate deducted from each batch for all transactions processed in the month
16 Monthly Total Total ($) amount processed for the month
17 DB ADJ An adjustment made on the backend that resulted in a debit to your account.
18 CR ADJ An adjustment made on the backend that resulted in a credit to your account.
19 Total Adjustments Total number of adjustments made in the month
20 Adjustment Total Total amount ($) in adjustments for the month

3 tier settlement disc - surcharges

# Title What Does This Mean?
21 Description A summary of the card types accepted, the discount rate charged and the assessment fees associated with each card type.
22 Items The number of transactions that were the specific card type or that were eligible for the assessment fees associated with that card type. All assessment fees are charged by Visa, MasterCard, Discover, and/or AMEX.
23 Amount The total amount of the processed sales/credits of that card type.
24 Avg Ticket The average amount of the processed sales/credits of that card type.
25 Disc Rate The qualified discount rate (%) charged for that card type. The qualified discount rate will not vary from card type to card type, however, the assessment fees may vary.
26 Item Rate The per item fee ($) charged for each transaction of that card type.
27 Fee Amount The total processing fees taken out for those transactions, excluding downgrades. Fee Amount = (Amount x Disc Rate %) + (Items x Item Rate $)
28 Assessment Fees Fees charged by Visa, MasterCard, Discover, and/or American Express.
29 Qualified Rates Fees charged at the agreed upon quailified discount rate(s)
30 Total Qualified Rates & Fees Charged The total processing fee, excluding downgrades, for all transactions and all card types ran throughout the month.
31 Surcharge A summary of the card types processed and associated downgrade fees charged for each transaction and card type.
32 Rate Indicates the card type and whether the transaction downgraded to mid-qualified or non-qualified.
33 Items The number of transactions included in the downgrade for a specific card type.
34 Volume The total amount ($) of sales/credits that were included in the downgrade for a specifc card type.
35 Amount The fee charged for the downgrade of the transactions.
36 Total Fees From Downgrades The total fees paid for all transactions that downgraded due to card type.

What Are Other Fees?

Additional fees assessed to the account including access fees from Visa, MasterCard, Discover, and/or AMEX and monthly fees from the processor. Access fees will vary based on processing, however, monthly fees are a flat fee.

3 tier ohter fees

# Title What Does This Mean?
37 Card Card type accepted that resulted in an access fee
38 Charge Charge type
39 Description A description of the fee. Please see the Glossary for a further explanation of the charge.
40 Number The number of transaction that were charged the access fee
41 Rate The rate (%) charged per transaction to access the major credit card association networks
42 Fees The total fee charge per acces fee or monthly fee. Fees = Number(#) x Rate(%)
43 Access Fees Access fees charged by Visa, MasterCard, Discover, and/or AMEX to access the network when processing these transactions. Note: not all transactions are subject to these fees.
44 Monthly Fees Monthly Fees charged by your processor as agreed to on your Merchant Agreement
45 Minimum Billing Adjustement An adjustment is made if the total qualified fees for the month are not equal to or greater than the Monthly Minimum set on the Merchant Agreement. Minimum Billing Adjustment = Monthly Minimum – Total Qualified Rates & Fees Charged Note: You will not see the Minimum Billing Adjustment if the total qualified fees billed were equal to, or greater than, the Monthly Minimum.
46 Your Account Has Been Debited The total amount ($) your account has been debited for your processing this month
47 MESSAGE Important messages that are updated monthy to inform you of upcoming charges or changes that may affect your merchant account

Deposits section image

# Title Description
1 Statement Date The last day of the billing cycle for that month.
2 Merchant ID A 16 digit account number that is a unique identifier for your business.
3 DBA The Doing Business As Name on file
4 DEPOSITS A summary of the deposits to your account throughout the month
5 Day The date each batch was settled throughout the month, if settled before 5:00pm PST.
6 Ref No. Deposit Reference Number
7 Items The number of transactions in the batch settled on that date
8 Sales The total sales included in the batch settled for that date
9 Credits The total credits(refunds) included in the batch settled for that date
10 Disc The qualified discount rate (%) dedicated from each batch
11 Net Deposit Total Amount deposited from each batch.
12 Transaction Total Total number of transactions processed in the month
13 Sales Total Total amount of credit card sales processed in the month
14 Credit Total Total amount of credit card credits processed in the month
15 Disc Total Total ($) qualified discount rate deducted from each batch for all transactions processed in the month
16 Monthly Total Total ($) amount processed for the month
17 DB ADJ An adjustment made on the backend that resulted in a debit to your account.
18 CR ADJ An adjustment made on the backend that resulted in a credit to your account.
19 Total Adjustments Total number of adjustments made in the month
20 Adjustment Total Total amount ($) in adjustments for the month

Settlement Discount section image

# Title What Does This Mean?
21 Description A summary of the card types accepted, the discount rate charged and the assessment fees associated with each card type.
22 Items The number of transactions that were the specific card type or that were eligible for the assessment fees associated with that card type. All assessment fees are charged by Visa, MasterCard, Discover, and/or AMEX.
23 Amount The total amount of the processed sales/credits of that card type.
24 Avg Ticket The average amount of the processed sales/credits of that card type.
25 Disc Rate The qualified discount rate (%) charged for that card type. The qualified discount rate will not vary from card type to card type, however, the assessment fees may vary.
26 Item Rate The per item fee ($) charged for each transaction of that card type.
27 Fee Amount The total processing fees taken out for those transactions, excluding downgrades. Fee Amount = (Amount x Disc Rate %) + (Items x Item Rate $)
28 Assessment Fees Fees charged by Visa, MasterCard, Discover, and/or American Express.
29 Interchange Rates Interchange-plus fee structure consist of a set discount rate charged by the processor and a varying interchange fee set by Visa/MasterCard/Discover/AMEX. Your statement will show the discount rate charged by the processor as INTER-CHG. The interchange fee charged by the Major Credit Card associations will be listed right below the discount rate based on the card type of the transaction.
30 Total Qualified Rates & Fees Charged The total processing fees, excluding access fees, for all transactions and all card types run throughout the month.

What Are Other Fees?

Additional fees assessed to the account including access fees from Visa, MasterCard, Discover, and/or AMEX and monthly fees from the processor. Access fees will vary based on processing, however, monthly fees are a flat fee.

interchange Other Fees section

# Title What Does This Mean?
31 Card Card type accepted that resulted in an access fee
32 Charge Charge type
33 Description A description of the fee. Please see the Glossary for a further explanation of the charge.
34 Number The number of transaction that were charged the access fee
35 Rate The rate (%) charged per transaction to access the major credit card association networks
36 Fees The total fee charge per acces fee or monthly fee. Fees = Number(#) x Rate(%)
37 Access Fees Access fees charged by Visa, MasterCard, Discover, and/or AMEX to access the network when processing these transactions. Note: not all transactions are subject to these fees.
38 Monthly Fees Monthly Fees charged by your processor as agreed to on your Merchant Agreement
39 Your Account Has Been Debited The total amount ($) your account has been debited for your processing this month
40 MESSAGE Important messages that are updated monthy to inform you of upcoming charges or changes that may affect your merchant account
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