Understanding Your Statement

Your statement is a record of all activity for your merchant account during a given month. You may either receive this by mail or electronically. Sometimes terms and abbreviations found on your statement may be unfamiliar to you, so we have prepared a guide that will help.

Abbreviation Table

---

VS - Visa
BUS - Business
MC - MasterCard
ELEC - Electronic
AVS - Address Verification Service
STD - Standard
SMKT - Supermarket
GSA - Government Services Administration
CPS - Custom Payment Service
OTF - Over Time Frame
ECOMM - E-Commerce
MOTO - Mail Order/Telephone Order

VISA Quick Reference Guide to Fees and Surcharges

---

The following fees are associated with transactions that failed to qualify at Visa or MasterCard's lowest rates. Additionally, we have listed a few simple tips to limit the number of additional surcharges you may incur:

• Swipe all transactions
• Ensure all terminals are closed-out and balanced within 24 hours
• Obtain authorizations for all transactions
• Use Address Verification Service (AVS) on all hand-entered transactions

 

VS KEY ENTER/MOTO/OFF Cleared Within 48 Hours No Mag Stripe Hotel Must User Check-In/Check-Out Option Auth Code	VS SMKT CHECK Supermarket Check Sale Cleared Within 24 Hours Full Mag Stripe Auth Code
VS KEY ENTER/CARD PRESENT/AVS Cleared Within 24 Hours Mag Stripe Attempt Card Present AVS Zip Code Match Invoice Number if Prompted Auth Code	VS EXPRESS PAY Express Payment Merchant Mag Stripe Attempt Cleared Within 48 Hours Face-to-Face Sale Under $25.00
VS KEY ENTER/CARD NOT PRESENT/AVS Cleared Within 24 Hours No Mag Stripe AVS Required Auth Code	VS INTERNATIONAL Non-US Issued Card Cleared Within 48 Hours No Mag Stripe
VS BUS CARD ELEC Business Card Signature Card Cleared Within 48 Hours Auth Code	VS CPS/ECOMM BASIC E-Commerce Sale Cleared Within 24 Hours No Mag Stripe Auth Code AVS Required Encryption Required
VS BUS CARD STD Business Card Signature Card Cleared Within 48 Hours Auth Code	VS CPS/ECOMM PREFER E-Commerce Sale Cleared Within 24 Hours No Mag Stripe Auth Code 3 Domain or SET Encryption
GSA LARGE TICKET GSA Large Ticket Sale	VS PASS TRANSPORT Passenger Transport Merchant Auth Code Cleared Within 7 Days
VS KEY ENTER/EMERGING MARKET Emerging Market Merchant Cleared Within 48 Hours No Mag Stripe Auth Code	VS NON AUTH/OVER TIME FRAME Cleared Within 30 Days

Mastercard Quick Reference Guide to Fees and Surcharges

---

MC KEY ENTER/MOTO/OFF No Mag Stripe Mail or Telephone Order Cleared Within 48 Hours Auth Code	MC BUSINESS CARD II Business/Corporate/Purchase/Fleet card No Mag Stripe Cleared Within 30 Days
MC KEY ENTER/CARD PRESENT Mag Stripe Attempted Cardholder Present Cleared Within 24 Hours Auth Code	MC INTERNATIONAL Non-US Issued Card Cleared Within 30 Days No Mag Stripe
MC BUSINESS CARD I Business/Corporate Card Must Enter Sales Tax Cleared Within 48 Hours No Mag Stripe	MC LARGE TICKET Large Ticket Sale No Mag Stripe Cleared Within 24 Hours
MC NOT AUTH/OVER TIME FRAME Cleared Within 30 Days