How to Read a Merchant Statement: What Every Business Owner Must Know

Today, we're talking about a topic that's important for any business owner accepting card payments - reading and analyzing your merchant statement.
Although every merchant statement is different, we’re going to give you some useful tips to help you make sense of yours, focusing on key components commonly found in merchant statements across the board.
So, what exactly is a merchant processing statement? Picture it as a detailed report of your business's card transactions. It’s a monthly statement provided by your payment processor that breaks down all transactions, fees, and other important financial information for your business.
And why does this matter to you? Well, understanding your merchant statement can help you identify discrepancies like unusual charges, errors, track your sales trends, and ensure you’re not overpaying in fees. It's like a financial health check-up for your business, giving you a clear picture of where you stand.
Stick around through the whole video for a more detailed breakdown of all the elements within your statement.
#merchantstatement #processingstatement #payments #merchantaccount
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Click here for a free processing statement analysis from us at PaymentCloud ➡️ paymentcloudinc.com/apply/?ti...
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Additional Resources
Merchant Statement: A Guide on How to Read a Merchant Processing Statement ➡️ paymentcloudinc.com/blog/merc...
What Is a Chargeback? The Ultimate Guide ➡️ paymentcloudinc.com/blog/char...
Merchant Account Fees & Rates: A Complete Guidebook ➡️ paymentcloudinc.com/blog/merc...
Credit Card Processing Fees in 2024: The Ultimate Guide ➡️ paymentcloudinc.com/blog/ulti...
Merchant Account Fees & Pricing EXPLAINED: How to Lower Credit Card Processing Fees ▶️ • Merchant Account Fees ...
What Is a Chargeback? How to Dispute & Prevent Chargebacks in Your Business ▶️ • What Is a Chargeback? ...
What Is A Merchant Account & Why Do You Need One? [Merchant Accounts EXPLAINED] ▶️ • What Is A Merchant Acc...
How to Get a Merchant Account in 5 Steps: Understanding the Application Process ▶️ • How To Get A Merchant ...
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Apply for a merchant account with ☁️PaymentCloud☁️ ➡️ paymentcloudinc.com/apply/?ti...
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Chapters
0:00 - Intro
0:25 - What is a merchant statement
0:57 - Key components of a merchant statement
4:02 - The importance of understanding your statement
5:37 - Understanding interchange fees
6:43 - Free analysis from PaymentCloud
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[@user-hs9ow9ni9j]

I never knew this! Thanks for sharing!

[@user-tt1vf3cm5i]

This is great info! So nice to have an explanantion on how to read a merchant statement!