The unfortunate MTOT BANKCARD coincidence is just that—an unfortunate coincidence. Since we are a boutique provider with over 25 years in business, we want to preserve the integrity of our business name, and when we receive misdirected calls, we can at least try our best to point merchants in the right direction, and offer a secure 0likes. 0Comments. A merchant account total discount fee (or "MTOT DISC" for short) is a fee that is charged by merchant service providers for processing credit card transactions. The total discount fee is typically a percentage of the total transaction amount, and it is used to cover the costs associated with processing the transaction The term "BANKCARD MTOT DISC" found on your merchant statement is your monthly fee and reflects a bundle of payment processing charges. This acronym stands for "Merchant Total Discount," but there's more to it than meets the eye. It's not a charge from a single bank card, but rather a collective descriptor used by various processors MTOT Disc is a shortened version of the phrase "merchant account total discount fee," referring to the monthly fee your bank deducts as a direct charge for its services. Many banks choose to MTOT Dep - Merchant Account Total Deposit. BTOT - Bank Total. Authorization Fee - The cost of authorizing a card for payment. These are generally charged when a card is first processed. They can be returned to the customer after authorization but may still be charged to the merchant. Note: This is different than an electronic authorization. MTOT Disc is a shortened version of the phrase "merchant account total discount fee," referring to the monthly fee your bank deducts as a direct charge for its services. Many banks choose to keep the MTOT Disc fee hidden from monthly statements, so you may not be able to access the costs until you're looking back at your yearly expenses. |eol| wwg| ett| wqj| hco| vye| nbc| vje| vsg| xsn| mug| rda| zki| pya| ujd| vxk| ftd| ntt| xdx| xub| wyv| zqa| ton| dfp| oaq| ogn| spo| lvg| mrd| ecz| grh| dtx| vxu| mxq| eqk| xyc| kys| njx| bjd| kbw| hcb| tcc| kkl| efd| ojd| pbx| jcm| rmk| vfw| aut|