Merchants have the ability with viewing settled transactions with the Merchant Activity Report by logging into https://reports.actumprocessing.com. In fact, the reports in our portal provides indispensable information for your merchant account. Moreover, this entry walks merchants through on viewing transactions as they head towards the final leg of the ACH cycle. As can be seen,…
Transaction fees are based on the pricing outlined in the Exhibit B. In this case, please review your Exhibit B. First, the following formula calculates the costs for each individual debit transaction: (Per Debit Fee x Total # of Debits) + (Total $ Amount of DebitsxDiscount Rate %) = Total Fee On the other hand,…
In general, understanding funding schedules helps merchants in terms of anticipating their funds. With this in mind, this entry illustrates the time window for merchants. 5 Business Days • Day 0 – First, the bank receives transactions submitted before the cut-off time. • Day 1 – HOLD – In this case, the funds reached the…
You can access the Merchant Activity Report by following the instructions below. 1. Log-in to your Actum account by going to https://reports.actumprocessing.com.2. Under the Reporting menu option, left click on Merchant Activity Report.3. Choose a date range to review transactions. For all transactions submitted since January 1st, choose YTD (year-to-date) and left click on the…
Reconciling deposits with transactions may seem daunting at first glance. However, this entry provides instructions on how reconciling deposits in our portal, which may help with understanding your funding schedule. 1. First, log-in to Actum through https://reports.actumprocessing.com.2. Move your cursor over the Reporting menu option and select Merchant Deposit Summary. 3. Select the specific month…
For merchants seeking clarification on commonly used terms in the ACH processing world, this glossary provides clear definitions. 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 ACH cycle. Additionally, Processing Fees…
This entry provides instructions on how to change the Future Initial Billing Date using our Virtual Terminal, the same used for submitting transactions. In order to initiate this process, please log-in into your Actum account at https://reports.actumprocessing.com and follow the below instructions. 1. First, go to the Utilities menu option and select Transaction Search from…
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://reports.actumprocessing.com. Per Occurrence Fees for Merchants Fee Amount…
In the event that a merchant needs to revoke or cancel a transaction, this entry provides a step-by-step instructions on this process. However, please keep these settlement cut-off times in mind: • For Regular Transactions, the cut-off time is 4:00 p.m. CT/5:00 p.m. ET. • Meanwhile, the cut-off time for Same-Day Transactions is 2:00 p.m.…
To fund your Actum Processing merchant account’s credit reserve, please send a notice of inbound wire funds to funding@actumprocessing.com. When a wire or ACH has been sent to us to fund your account’s credit reserve, please indicate “Wire Sent for (Name of Business) – (Actum ParentID)” or “ACH Sent for (Name of Business) – (Actum…