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Visa, MasterCard, Amex, and Debit/Interac Processing

When you accept Credit Cards or Interac/Debit Cards for payment, you process the transactions through your terminal or software. A group of transactions is called a batch, and the process of sending these transactions to us is called settlement.

When you settle a batch, the information for each transaction is sent to clearing networks. Based on each card number, we send information about a yransaction to the corresponding Issuer so they can charge the cardholder. Almost simultaneously, the funds for the transaction are deposited into your Demand Deposit Account (DDA).

In exchange for these services, you pay a percentage of each Transaction known as a Discount, in addition to certain other fees. Fees are deducted from your DDA either on a monthly or a daily basis.

Occasionally, cardholders do not agree with transactions posted to their accounts. If this happens, the cardholder can contact the issuer and initiate a dispute which will result in the transaction amount being debited from your account. You will receive a notice directly from the merchant service provider. It is important that you respond promptly to any notice you receive to protect your rights.

Phone:  

Toll free in Alberta: 1-877-536-1085

403-874-4644 or 403-536-1085

Fax:   403-536-4410
Email:   info@wired1solutions.net
sales@wired1solutions.net

 

 

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