Help CenterDEFINITION
The merchant statement is a report available within Recur360Pay reporting tool that provides an overview of selected month’s transactions, payment methods, deposits, and fees.
MERCHANT STATEMENT SECTIONS
- Summary is not the summary for the entire statement but is only referenced for summary by day, all the transactions processed during that month. This is affected by batch cutoff times.
- The standard batch time is 8:05 PM CST
- 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
WHERE TO FIND MERCHANT STATEMENTS IN RECUR360
MERCHANT STATEMENT OVERVIEW