Wondering how much you've paid in credit card/merchant processing fees and when your money is disbursed? This guide will briefly show you how you can check them out!
You can access all the required information you'd need to generate the data for your business via your Reports section of your Fitli account.
Step 1: Head to your Sales Report
Login to your Fitli business account, and click on the Reports section. Then, click "Sales" on the left side.
Step 2: Select "Card" on the "View sales by" pulldown and change date range under "Custom" to your desired dates.
Make sure to select "Card" from the "View sales by" pulldown since you wanted to check on your credit card processing fees and when the deposits are disbursed. When done, identify the date range you're looking for, use the pulldown for "Custom" to choose your custom dates. You may also select, "Year to date", "Last Month" or "Month to Date". Click search.
Step 3: Export your Sales Report
Once you've chosen and updated your Sales Report to a custom date range, use the 'Export' button to export the report to a .csv file.
Step 4: Open your .csv file
Once you've exported your Sales Report, use your favorite spreadsheet program (Excel, Sheets, Numbers, etc.) to open the downloaded .csv file. Once the file is opened, go to the column that says "Processing Fee". You can see processing fees for each transaction and the total for the report. Note that the processing fee for each credit card transaction is 2.9% + $0.30.
To check how much is deposited or how much will be deposited to your account. Check the "Net Settlement" column.
To check when your money is deposited to your account, check the "Disbursement Date" column. Note that those transactions that don't have the disbursement date are not yet deposited to your account. Typically, payments are disbursed within 2-3 business days after the transaction has settled through the credit card processor. Note this does not include weekends, holidays (bank holidays, etc).
There you have it! If you have any questions, please contact us at support@fitli