We know that our gym owners often have questions about merchant processing -- how it works, when money is deposited, and where sensitive information is stored.
Watch the below videos for the answers to your merchant processing questions.
Understanding the Merchant Process
- What companies are involved in merchant processing?
- Can I get one monthly statement for all fees and deposits from GoEmerchant?
- When will the funds be deposited into my account?
- Why do I see different processing rates from other merchant companies?
- Why don't all Wodify customers have the same GoEmerchant rates?
Understanding Merchant Processing Terminology
- Can you explain some of the terms used in merchant processing?
- What is the difference between qualified and non-qualified transactions?
- What is the highest ticket value and how is it determined?
Understanding Merchant Processing Fees
- What are the different fees associated with merchant processing?
- What are the fees associated with refunding a transaction?
- Why is there a percentage and a transaction fee to run an invoice?
- Does the amount of the invoice change the price of the transaction fees?
- What are the different rates for each kind of credit card?
- What is the best payment method to encourage athletes to use?
- Are there merchant fees associated with paying cash?