other questions you can ask does your terminal then SMSF Accountant your pre POS software there’s a soft one your laptop ask you to key in a zip code that’s a BS that stands for a viet nam another one is cvv card value verification so when you go to the gas station you pop in your card to pump gas what’s the first
thing it asks for us it asks for your -digit zip code to match the billing on that card that is fraud protective feature for that gas station because you could take my card and go get gas across the country if it didn’t ask for the billing zip code right so it’s going to protect that card holder because they have to match the -digit zip code that matches the billing zip for that credit card now if they bypass that that could cause problems as i’m going to show you here in just a few minutes also there can be different levels in the way the merchants process knew there were they ever asked to enter sales tax or a customer code so you guys have probably
seen that you go to the grocery store everything is line item down right and then sometimes you go to a small little store and they just run the total for you so there’s a different difference in the way some of these merchants are set up and if they are asked to enter sales tax or customer code they need to do that if that’s the way they have that merchant account set up is there ever a time when you can’t get an optimization or settlement if so mr. mrs. merchant tell me how you know tell me what that looks like how often it happens and then how’s this question how often do you batch your machines I walked into a merchant one time and I asked him that I was looking and everything he had on his statement was standard and he was paying like one half five and a half percent
and I said well is your terminal batching out for you no I don’t get that many transactions through the week so I only just batch every Friday and I said oh my goodness no you weren’t you weren’t trained right from the start here’s what happens by you not doing that and he was paying about two percent more than he needed to just because he was never taught