Most business owners get their monthly merchant statement, glance at the total, and file it away. It's not laziness — it's that the statement itself is built like a wall of jargon: interchange categories, assessment fees, PCI compliance charges, batch fees, statement fees, sometimes a dozen line items with names that mean nothing without a glossary. A boutique owner in DC admitted she'd been filing hers unread for three years before a friend suggested she actually sit down and go through it....
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Most business owners get their monthly merchant statement, glance at the total, and file it away. It's not laziness — it's that the statement itself is built like a wall of jargon: interchange categories, assessment fees, PCI compliance charges, batch fees, statement fees, sometimes a dozen line items with names that mean nothing without a glossary. A boutique owner in DC admitted she'd been filing hers unread for three years before a friend suggested she actually sit down and go through it....
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0 likes