APPLIES TO: Admins
Last updated: March 20, 2024
Transaction Descriptions
|
Transaction Name |
Credit/ |
Debit/ |
Description |
|
ACH Debit |
DD |
Credit |
This is a credit from the merchant’s bank account into the merchant’s Current Account. |
|
ACH Fee |
DD |
Debit |
This is the fee that is charged for the ACH Sent transaction |
|
ACH Return Fee |
DD |
Debit |
This is the fee that is charged when the ACH Sent transaction is rejected at the bank |
|
ACH Sent |
DD |
Debit |
This is the payment made from the merchant’s Current Account to the merchant’s bank account |
|
Adjusted Discount Fees |
CC |
Debit |
These are the daily discount fees charged to your Current Account for Settlement transactions that are subject to MidQualified or Non-Qualified rates. It is usually a percentage of the transaction amount. |
|
Adjusted Transaction Fees |
CC |
Debit |
These are daily transaction fees charged to your Current Account for transactions that are subject to Mid-Qualified or Non-Qualified rates. |
|
Credits |
CC/DD |
Debit |
This is a refund made from your Current Account back to a consumer’s credit card or bank account |
|
Discount Fees |
CC/DD |
Debit |
A Discount Fee is the amount charged to a merchant by the acquiring bank for processing an online transaction. It is usually a percentage of the transaction amount. |
|
Dues and Assessments Fee |
CC |
Debit |
This is a fee based on a percentage of your total settlement amount, passed on by the card associations. |
|
Interchange Fee |
CC |
Debit |
An Interchange Fee is the cost charged to a merchant by the acquiring bank for a transaction. This cost varies according to the card program. |
|
International Assessment |
CC |
Debit |
This is a debit assessed by acquirers when a credit card is used from a country other than the country where the merchant account is acquired. |
|
Monthly Flat Fee |
CC/DD |
Debit |
This is a monthly fee charged for the merchant account. |
|
NABU Fee |
CC |
Debit |
This is a MasterCard Network Access Brand Usage Fee, levied on each authorization acquired in the U.S. |
|
PCI Non-Compliance Monthly Fee |
CC |
Debit |
This is a fee charged to the merchant's account as a result of not being PCI Compliant |
|
PCI Non-Compliance Monthly Fee Credit |
CC |
Credit |
This is a reversal of the PCI Non-Compliance Monthly Fee. |