There’s some good news out there that will make you want to set up a merchant account right away.
Statements are changing, with some companies. They are providing a greater amount of detail regarding transactions than ever before. Customer service has constantly improved over the years so that you can tell where every dime and nickel goes.
Let’s say that you made $150,000 in sales last month via credit cards. Your statement will divide it up transaction by transaction, and it will tell you which Visa card charged this amount and which one charged that amount (it does vary. It will tell you which MasterCard did the same, as well as Discover and American Express.
You will be able to track every purchase that was made, and since you can access it online, you can do so paperless as well.
