Merchant Billing & Settlement
Acquire360 offers an extensive set of options for billing merchant customers. These options range from simple volume or per item fees, to more innovative billing methods.
As an option, merchants can be charged different rates for each category at the interchange category level. Alternatively, interchange categories may be aggregated and billed together as a group, allowing the acquiring entities 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 based on a variety of criteria to accommodate statement fees, exception handling fees, authorization fees and more.
Billing cycles can be defined by merchant, so acquirers can spread merchant billing production throughout the month if desired.
Merchant statements can be customized to an acquirer’s specifications for printing or secure electronic message delivery using Planet Group's CORE360 offering.