has anyone tried to consolidate their cryptopay credit card billing, i am having difficult times trying to find out why i am losing my sleep , the reports from the cryptopay website for the month are higher then the first data credit card report which includes all the fees . for example in january my cryptopay web report shows i had $4200 funded credit card transactions and my first data credit card statement shows $4110 funded credit card transactions which includes all the transaction charges , wondering where the difference is coming in from. there are no chargebacks or anything.
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cryptopay Billing
- Thread starter JamboWash
- Start date
crypto pay charges
reviewing last months credit card deposits thru crypto pay, we see a 9.14% charge on all deposits from ignite payments credit card processor, includes wells fargo/ignite charges processing this includes all charges and $ deposited, not included are monthly internet connect fees for our equipment to talk to the internet. numbers probably round off the 10% off the top. numbers do not include our bank charges for processing the credit card deposits from our bank . there are a lot off little bit,s taken out
reviewing last months credit card deposits thru crypto pay, we see a 9.14% charge on all deposits from ignite payments credit card processor, includes wells fargo/ignite charges processing this includes all charges and $ deposited, not included are monthly internet connect fees for our equipment to talk to the internet. numbers probably round off the 10% off the top. numbers do not include our bank charges for processing the credit card deposits from our bank . there are a lot off little bit,s taken out
I have cryptopay in my bays with worldpay, and priority payments on my unitec . I have never been able to reconcile either one. I quit trying. I just look to make sure what has been deposited is pretty close to what my processor says ive sold. A sloppy way to do business, but I don't see how its possible to reconcile. And add on top of that, the deposits are usually 3 days behind.
Earl Weiss
Well-known member
If you think that si bad, try it with a gas station.
I reconcile the cc charges the same way as checks. There are always a payment or two on the cc report that have not cleared the bank. I post those as one deposit but list the individual outstanding cc charges on the detail line so that I can easily reconcile on the next statement. Those outstanding charges are the first item on my subsequent bank statement. The other thing I did was to make sure my processor deposits the gross amount of the charge and a separate item for the total processing fees. That makes it easier to calculate sales tax.
