The Cellar - View Single Post - How do you read a credit card merchant statement???

staceyv · 01-13-2005, 08:48 PM

I met this dog breeder through email conversations and ended up writing an article for her on canine nutrition. I mentioned that I would love a job that offers me my own hours and flexibility, and she offered me a job as an independent sales agent for a company that processes Visa and MC for businesses. So, I'm supposed to go talk with business owners and tell them I can save them money on their processing fees and get three recent merchant statements from them so I can do a proposal for them. I understand how to use the Excel template and where to put the figures, but I have no friggin clue where to find these figures on the merchant financial statement!!!
I'm supposed to find the total qualified (swiped) sales, mid-qualified (keyed in) sales and non-qualified (corporate cards, etc) sales, as well as the rates for each and I can't find any of this crap on the statement. Does anyone here know anything about this kind of work? Any suggestions or input?? I found two websites that show how to read a merchant statement, but the ones I have don't have everything listed all easy and pretty like these! I don't have a scanner, but if anyone wants to help me, I'll start typing in the whole damn statement by hand. LJ? you work in financing, don't you? And by the way, I feel like I need some friggin training for all of this! All I have is some general info on how to fill out an application, some forms, lots of info on equipment that bores me to tears, and some vague notion of what I'm supposed to be doing. I really want to follow someone around, but this woman is in Maine, and so is the office. I'm learning all of this on my own and I emailed her with questions, but I feel like an idiot because I have not the slightest clue how to read these statements and I don't want her to think I'm stupid. I graduated high school as an honor student- I had two tassles, I was accepted into 5 colleges- every one that I applied to, I have an A average in college for the 22 credits I earned- including human anatomy- the hardest class ever, and I'm having no problem teaching myself Russian- the hardest language on the planet, maybe. I am basically above average in "book smart" intelligence. So, why do I feel so retarded with this? Please help.

01-13-2005, 08:48 PM	#1
staceyv Lecturer Join Date: Nov 2003 Location: Ohio Posts: 927	How do you read a credit card merchant statement??? I met this dog breeder through email conversations and ended up writing an article for her on canine nutrition. I mentioned that I would love a job that offers me my own hours and flexibility, and she offered me a job as an independent sales agent for a company that processes Visa and MC for businesses. So, I'm supposed to go talk with business owners and tell them I can save them money on their processing fees and get three recent merchant statements from them so I can do a proposal for them. I understand how to use the Excel template and where to put the figures, but I have no friggin clue where to find these figures on the merchant financial statement!!! I'm supposed to find the total qualified (swiped) sales, mid-qualified (keyed in) sales and non-qualified (corporate cards, etc) sales, as well as the rates for each and I can't find any of this crap on the statement. Does anyone here know anything about this kind of work? Any suggestions or input?? I found two websites that show how to read a merchant statement, but the ones I have don't have everything listed all easy and pretty like these! I don't have a scanner, but if anyone wants to help me, I'll start typing in the whole damn statement by hand. LJ? you work in financing, don't you? And by the way, I feel like I need some friggin training for all of this! All I have is some general info on how to fill out an application, some forms, lots of info on equipment that bores me to tears, and some vague notion of what I'm supposed to be doing. I really want to follow someone around, but this woman is in Maine, and so is the office. I'm learning all of this on my own and I emailed her with questions, but I feel like an idiot because I have not the slightest clue how to read these statements and I don't want her to think I'm stupid. I graduated high school as an honor student- I had two tassles, I was accepted into 5 colleges- every one that I applied to, I have an A average in college for the 22 credits I earned- including human anatomy- the hardest class ever, and I'm having no problem teaching myself Russian- the hardest language on the planet, maybe. I am basically above average in "book smart" intelligence. So, why do I feel so retarded with this? Please help.