Auto-Settlement TimesSettlement batches are groups of credit card transactions that must be sent to processors and submitted for settlement. As this completes the transaction, this process is usually conducted on a daily basis and may either be done manually or automatically on the Poynt Smart Terminal. To adjust your “auto-settlement” [...]
With MX Merchant, it’s easy to view past sales and batch history. Click the below video to see how to use the manage your payments. https://vimeo.com/157444421?loop=1
To set the stage – there are two distinct portions of any credit card transaction. The first is known as the authorization, which happens in real-time, when you swipe/dip/key the card into your system. You’ll receive a real-time response from the card-issuing bank of “approved” or “declined”. The second step [...]
FD-150 Terminal Guide Click here for the First Data interactive FD-150 Terminal Guide Download the Quick Reference GuideClick here to download a two-sided Quick Reference Guide that you can print and keep next to your FD-150 terminal. Click here to download a Setup Guide to walk you through the initial [...]
Dharma does not have a batch fee. With other firms, batch fees are assessed on every day that transactions are sent in for processing, regardless of how many transactions are processed. Batch fees are paid if you process one transaction or one hundred. So, if your business is open every day, [...]