Description

What is a daily discount?

Resolution

A daily discount plan is used to debit some or all of your transactional processing fees from the batches you settle. Instead of debiting those fees at the end of every month, fees are deducted from each batch prior to funds being sent to your bank account for deposit.

There are two levels of daily discount plans. In the first level, only your discount fees will be deducted from each batch. All other fees will be assessed at the end of each month. The discount fees can be found in the 'Plan Summary' section of your Merchant statement, and you will see a 'Discount Paid' line in your statement totals (in green below):

In the second level, your discount fees and many of your per-transaction fees will be deducted from each batch. All other fees will be assessed at the end of each month. In addition to the 'Discount Paid' line item, there will be a 'Fees Paid' line item in your statement totals (in red below):

In the second level, your discount fees and many of your per-transaction fees will be deducted from each batch. All other fees will be assessed at the end of each month. In addition to the 'Discount Paid' line item, there will be a 'Fees Paid' line item in your statement totals (in red below):

If you have questions or require additional information, please submit a ticket and we will be in touch with you shortly.