Eight Ways to Save Money - Method #6

Gain Authorization/Settlement Mismatch Exceptions
In general, any variation between authorization and settlement amounts cause a downgrade resulting in higher fees. However, certain industries are allowed authorization/settlement variances. These industries include restaurants, taxi cabs and limousines, bars, taverns and cocktail lounges, beauty and barber shops and health and beauty spas.
Because an authorization amount will not [...]

Posted on December 5th, 2007 by Robb Lejuwaan in Customer Service, Interchange, Merchant Account, Rates and Fees , ,
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Eight Ways to Save Money - Method #5

Many merchants are unaware they have to settle transactions or batches with in a specific amount of time after authorization to avoid downgrades.

Posted on December 1st, 2007 by Robb Lejuwaan in Interchange, Merchant Account
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