Merchant Billing & Settlement
Acquire360 offers an extensive set of options for billing the merchant customer. These options range from simple volume or per item fees to more innovative billing methods. The merchant can optionally be charged at the interchange category level, different rates for each category. Alternatively, interchange categories may be aggregated and billed together as a group, allowing the user to simplify billing structures for smaller, less sophisticated merchants.
In addition to volume and per item based charges, Acquire360 offers the option to define any number of user fees which can be based on a variety of criteria to accommodate statement fees, exception handling fees, authorization fees and many others.
Billing cycles can be defined at the merchant level so the acquirer can spread the production of merchant billing throughout the month if desired.
Merchant billing statements can be customized to the user’s specifications or alternatively can be delivered via a secured electronic message using CORE360.