Card transactions reporting can aid with reconciliations Have you recently enquired about getting Merchant Services for your business and wondered what the supplier means when they talk about reporting? We're here to help. Transactions Reporting can be defined as the numerical data provided by a merchant service provider relating to the financial flow of monies between cardholders and merchants over a set period of time. Reporting on transactions differ from supplier to supplier but is a crucial part of your monthly reconciliation processes.…

Most people today know that every SMS cannot be trusted but when paying by card, an SMS from your bank cannot be wrong or can it? Taken from an aritcle in The Star and our many years of experience, we would like to shed some light on this often frustrating topic. Sometimes a lot of frustration is caused when you are informed that a point of sale transaction was declined and you are requested to have your card swiped for a second time…

Merchant Services: What are you really paying for? Knowing what you get from your merchant service provider is critically important. Thinking that it would be far less of a headache to stay with your current provider could cost you much more than you think. There are several aspects to consider when choosing a merchant service provider. Businesses have been relying on their banks to provide them with traditional merchant accounts for ages to process credit and debit card transactions. Times…