properly that if you run a transaction oberon Valuation you need to batch it out on that very same day or you can have some downgrades and then of course are there any Earth’s or standard descriptors that you see on that merchant statement I’m going to go into what might indicate an earth or a standard transaction here in a few so let’s describe how these transactions
can take place now if you set up everybody in one stand if you set up everybody retail across the board that money you might be charging some people too much money right so let’s take a look at some of the different interchange levels so you have retail is part of the card present or is it key difficulty that could turn into a card not present transaction and interchange is going to be a little bit higher is it a mail-order telephone company
that’s your processing for well obviously when you’re setting them up you would set them up as a moto account and not a retail account because they’re going to be king in about to percent of those transactions the restaurant you’ve taken that are you doing pay at the table and fast food the same thing are you paint at the counter are you paying at the table is there tip lines things like that supermarket has a different interchange
level small ticket some people might say well what’s small ticket well that’s where your your tickets are very very small so the interchange is going to be lower you know the transaction fee for that rewards card is one point six five and a dime so the small ticket might look more like one point three five and four cents a transaction because they’re low average ticket so when you think about tickets less than about bucks on average the
transaction fee could play a much higher role in the merchants cost as well as it could play a much higher role in your profitability so when you’re pricing a merchant that has very low average tickets that
