How FeeSuite defines merchant reconciliation.

exception

A difference remains without a confirmed explanation. This is where finance review is required.

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interchange-vs-discount-rate

Interchange is a card-transaction cost associated with the issuing bank. The merchant discount rate is the broader cost a merchant pays to accept card payments.

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matched

The statement activity and bank activity agree.

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mid

A Merchant Identification Number, or MID, is an identifier used within a payment-processing arrangement to distinguish a merchant or merchant account.

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offset

A difference exists, but related activity explains it. A reserve hold, processing fee, chargeback, refund, or adjustment might account for the gap.

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reconciliation

Merchant statement reconciliation compares processor-reported activity with bank deposits, explains the differences between the two, and isolates anything that still needs review.

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reserve

A reserve is funds withheld from amounts otherwise payable to a merchant and held to cover potential payment-related obligations or losses.

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settlement-vs-deposit

Settlement records payment funds within the processing flow. A deposit is the amount that ultimately appears in the merchant’s bank account.

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