TSYS Monthly Statement
The merchant statement is a comprehensive document that outlines a merchant’s account activity, fees, and deposits for the statement period.
Quick Facts About the Merchant Statement
- TSYS mails the statement directly to the merchant by the 10th of each month.
- The branding is generic - there is no mention of Tilled or the partner. Example statement is provided below.
- TSYS support details are included on the statement. The merchant can reach out to Tilled or TSYS for support.
Understanding the Merchant Statement
The merchant’s monthly statement is divided into several key sections, each designed to provide specific information about the account's activity and charges. Here's what you'll find in the statement:
Plan Summary
The Plan Summary section outlines the specifics of your merchant plan, including the pricing model and any special terms or conditions applicable to your account. This serves as a quick reference to understand the merchant's rates and fees. Key definitions include:
- Base P/I (Per Item): This is the transaction fee charged on top of interchange costs. It's a fixed fee applied to each transaction processed.
- Base Rate: This is the discount rate applied on top of interchange costs. It's expressed as a percentage of each transaction amount.
News For You
This section communicates updates, news, or important information relevant to your account. It may include changes in processing fees, compliance updates, or new features available to you. It's important to review this section regularly to stay informed about your account and any changes that may affect your billing.
Deposits
The Deposits section details the transactions processed during the statement period. It includes the date of each transaction, the amount, and the total sum deposited into the merchant’s account after processing.
Fees
Here, all fees incurred during the statement period are itemized. This includes transaction fees, monthly account fees, and any other charges applied to the merchant’s account.