Questions about Merchant Processing
What is the discount rate?
The discount rate is the percentage rate of each transaction the processing companies such as Visa, Mastercard, and Discover charge for transaction processing. The actual charge is determined by the way the transaction is processed, such as swiped, hard keyed, or ARU.
How will I get my money?
Your funds will be deposited in the designated account appearing on your merchant application.
Will I receive a monthly statement?
Yes. You will receive a monthly statement that will break down day-to-day sales volume and associated processing fees.
What is PCI/DSS compliance?
The National Network requirements to ensure all companies/merchants that process, store or transmit credit card information maintain a secure environment. All merchant equipment and third party processors capturing cardholder data must be compliant and certified. Standards can be found at www.PCIsecuritystandards.org