Using and Understanding our Payout Report
Altogether, our Payout Report serves as the central hub of information pertaining to your processing fees associated with your merchant account transactions. If there’s a report that breaks down a merchant’s overall activity, then this report provides an overall perspective. In this case, this entry walks merchants through on using and understanding our this report.
Navigating and Using our Payout Report
- 1. Hover your cursor over the Reporting menu option and select Payout Report.
- 2. Once the Payout Report page populates, you can choose different time options to view. In fact, you can view Month (current month), Last Month, YTD (year-to-date), or a custom time of your choice. For the custom time, if you wish to view, for instance, a prior month in the year, choose the desired prior month and the month following it (i.e. April 2020 for start date, May 2020 for end date).
- 3. Next, the specific Payout Report of your desired time period populates as follows:
- 4. Within this Payout Report, please note that the PreAuth Sales represents the dollar amount of a submitted debit transaction batch in a given date. Meanwhile, Settled Sales represents a batch that has settled in the settlement time agreed upon (please refer to the Exhibit B for your merchant account).
- Processing Fee will consist of fees per your Exhibit B (per debit transaction fee, discount rate, if applicable, etc.). A breakdown of the processing fees is available in our Merchant Transaction Fees report. Late Returns will typically be a chargeback filed by a customer/receiver. Specific information about the chargeback can be found in our Return Count Report.
- 5. Lastly, the payout amount represents the anticipated payout for deposit or fee charged against an upcoming settlement. If there is a negative carryover amount from Processing Fees but the settlement dollar amount is greater than the negative carryover dollar amount, you will see a positive payout. Otherwise, if the negative carryover amount is greater than the settlement dollar amount, the negative carryover amount continues to carryover.