I have my merchant account/payment gateway through MerchantPlus (www dot merchantplus dot com). My payment gateway is authorize.net. The following SHOULD be all the charges associated with accepting credit cards, at least for my plan:
Authorize.net $9.95 flat fee per month
Authorize.net $0.05 per transaction (first 250 free)
Visa/MC - 2.15% discount rate
AMEX/DISC - Unknown discount rate
Merchant Account - $19.95 flat fee per month
Merchant Account - $0.25 per transaction
Ok, now I've figured out where those charges all show up on my credit card.
The authorize.net charges are very clear and easy to see, no mystery there. My Visa/MC discount rate is deducted before money is deposited into my checking account. Now, here's where it gets fuzzy:
I get a charge on my bank account called "BANKCARD MTOT DISC". Last month it was $26.56. This should include the 19.95 merch account monthly fee, as well as the 25cents transaction fee. Last month I had only 6 transactions. SO WHAT IS THE REST OF THE CHARGE FROM?
It's DEFINITELY not an authorize.net charge. It's definitely not Visa/MC discount rate. It's definitely not a Discover/Amex discount rate fee (I had no discover or amex transactions for this period). It's not a discover or amex flat fee, that shows up as a different charge. And it already includes the 25cent transaction fee and $19.95 monthly fee.
So where does the last ~$5 come from?
I'll be calling merchantplus tomorrow to sort this out, but thought I would ask you all.