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Merchant statements are electronic or paper-based invoices that payment processors send to their merchant clients every month. These itemized statements include all the payments processed, fees charged and services provided over the previous 30 days.

View a Sample of this Report. The Merchant Account Summary Report provides the total number of transactions and total amounts processed for each Gateway Account associated with your Merchant Accounts and for each type of credit card within each Gateway Account.

What Is a Merchant Statement? Merchant statements are electronic or paper-based invoices that payment processors send to their merchant clients every month. These itemized statements include all the payments processed, fees charged and services provided over the previous 30 days.

What 's the difference between Agency banking POS and Merchant POS terminals? The agent's terminal can process withdrawal, deposit and transfer transactions from cardholder's account to other accounts. The merchant terminal can only process transactions which can only settle into merchant's account.

A merchant statement is a report of all of the transactions that your business completed throughout the month. This includes customer purchases as well as the associated payment processing costs. Reading this statement is essential to determine exactly how much money your business makes and spends.

Your merchant statement is typically sent to you by your merchant account provider or payment processing company. Depending on your vendor, your statement may be sent via email or snail mail. In some cases, you may be able to access it through an online portal.

A merchant descriptor or billing descriptor is the name that appears on a customer's bank or credit card statement when they make a purchase from that merchant. These descriptors may include additional information, such as the location of the business or a customer service number.