Transaction fees are based on the pricing outlined in the Exhibit B. In this case, please review the most recently signed Final Exhibit B. First, the following formula calculates the costs for each individual debit transaction. (Per Debit Fee x Total # of Debits) + (Total $ Amount of Debits x Discount Rate %) =…
Understanding the structure of funding schedules proves helpful in terms of anticipating the cycle and deposit of settled payouts. This article illustrates the funding time window for merchants. As always, please refer to the most recently signed, Final Exhibit B to review an account’s funding schedule. 5 Business Days • Day 0 – First, the…
The Transaction Fee Report provides in depth information about processing fees for an Actum Processing account. This report takes away the hassle of reconciling fees and processing activities from merchants. This articles provides steps on how to access the Transaction Fee Report. 1. Log in to the Actum Portal by going to https://merchant.actumprocessing.com. Refer to…
For merchants seeking clarification on commonly used terms in the ACH processing world, this glossary provides clear definitions along with our blog entry. Terminology Originations This term accounts for transactions initiated by the merchant and sent to debit a customer’s bank account. Gross Settlements This term describes transactions that originated and settled or completed the…
This entry specifically provides a listing of our per occurrence fees which can be seen at https://www.actumprocessing.com/fees. However, please contact your designated Business Relationship Manager at (512) 402-0082 for clarification with any of our fees. By the same token, these fees may appear on reports when logging into https://merchant.actumprocessing.com. Refer to the Multi-Factor Authentication (MFA):…
The Return Report provides transaction level detail regarding any returns received within a specific time frame. 1. Log in to the Actum Portal at https://merchant.actumprocessing.com. Refer to the Multi-Factor Authentication (MFA): How to Use via Actum Portal article for further login instructions.2. Select Reports and choose Returns.3. The Return Report populates with the latest returns and…
This article provides a step-by-step instructions with canceling or revoking a transaction while keeping these settlement cut-off times in mind. • For Regular Transactions, the cutoff time is 5 p.m. CT (6 p.m. ET). • Meanwhile, the cut-off time for Same-Day Transactions are 7 a.m. CT (8 a.m. ET), 11 a.m. CT (noon ET) and 2 p.m.…
When funding an Actum Processing merchant account’s Credit Reserve, email funding@actumprocessing.com. After sending the wire or ACH, indicate “Wire Sent for (Name of Business) – (Actum ParentID)” or “ACH Sent for (Name of Business) – (Actum ParentID).” Inform the Funding and Support teams how the funds, sent via ACH or wire, is for the Credit…
An ACH Debit or Credit can be submitted through the Actum Portal. However, for ACH Credits, sufficient funds must be in the account’s Credit Reserve. An instructional article on funding the Credit Reserve is available here. Accessing the Create Transaction Option 1. Log in to the Actum Portal at https://merchant.actumprocessing.com. Refer to the Multi-Factor Authentication…