Archive for February, 2008

How to understand Credit Card Processing statements

Friday, February 22nd, 2008

I am often asked by clients, sales representatives, and even other people in my position how to read merchant account statements. Unfortunately there are dozens of different formats to merchant account statements, and there are also dozens of versions of each format. (Much of this depends on the bank issuing the merchant card services statement.) So, even someone with many years of experience in the merchant services industry will occasionally stumble upon a statement format that they have never seen before or that they do not understand.

I am going to attempt to educate business owners and industry sales reps through the posts on this blog. I analyze dozens of merchant processing services statements every week for my sales representatives. I will post samples of some of the statements that I work on, and hopefully you can find it useful in understanding the statement that you are looking at.

Please feel free to email me with questions or if you would like me to review a credit card merchant services statement!

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