How To Read Your Statement

Your merchant statement produced by First Pay Solutions has been designed to make account reconciliation fast and simple.

Total Charge to your Account
HOW TO READ YOUR STATEMENT

Your merchant statement produced by First Pay Solutions has been designed to make account reconciliation fast and simple.

A
  • Time period covered by this statement
  • Your merchant account number for Visa, MasterCard and Discover processing
  • Settlement demand Deposit Account Number
B
  • Your company name and address (including store # if applicable)
  • Corporate Company name and address (if applicable)
C
  • Customer Service Tel#
    Customer service number for question with your statement, deposits etc.
  • Total charge to your account is
    Total amount charged to your account at monthend. This charge is for month end fees only. If you are set up for daily discount, this amount does not include the daily discount charges you have incurred throughout the month. For further explanation of daily discount, see section F below.
D
  • Statement Message (when applicable)
    Bank information and important messages for your information.
E
  • Summary of Card Deposits
    Deposit activity that was received during the statement period. This includes Sales,
    adjustment, returns, and net totals, which are all listed by card type.
    BANKCD TOT = Visa and MasterCard® activity only.
F
  • Summary Of Card Fees
    Fees assessed to the merchant by each card type. This includes qualified, midqualified,
    and non-qualified discount fees charged to the merchant. Also included
    is card type specific authorization and address Verification Service (AVS) activity.
    The discount method, which is also noted in this section, will be either method 6 (daily)
    or method 1 (monthly). If you are set for daily discount (Discount 6), a charge will be
    applied to the sales totals every day that credit card processing occurs.
    This daily discount charge is based on your qualified discount rate for Visa® and
    MasterCard® sales ONLY.*

    * For example, your credit card terminal report for the day states a total of 1,000.00 of Visa® and MasterCard® sales. Your merchant agreement states that your qualified discount rate is 3.0%. your daily discount charge will be $30.00 and the deposit amount to your designated bank account will be $970.00
G
  • Summary Of Miscellaneous Fee
    Processing fees such as minimum monthly fee, batch header and return fees,
    and debit access fee that may be assessed to you.