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MerchantConnect Settlement Reconciliation Service (SRS)

The Internal Revenue Service (IRS) now requires “merchant acquiring entities” to report year-end, gross amounts of their merchant customers’ credit card, debit card, gift card, and e-commerce transactions by filing the 1099-K form.

MerchantConnect has been enhanced with an all-inclusive solution which allows merchants to reconcile the reportable gross sales settled at the Tax ID Number (TIN) level with Merchant Identification Number (MID) level credit, debit, and gift card transaction activity reported on their monthly statements.

The enhanced reporting site is found at www.merchantconnectsrs.com. Starting December 2011, merchants can view transaction activity for 2011. Upon receiving their Form 1099K in January of 2012, merchants can obtain information to assist the reconciliation process. The site can also be accessed from the MerchantConnect login page.

Click here to learn more about the new Merchant Reporting Requirments and MerchantConnect's SRS Tool.

MerchantConnect for Reporting

Payment Information at Your Fingertips

MerchantConnect, our web-based real-time service, provides the streamlined and secure reporting you need. You can quickly and easily access payment information, while protecting cardholder and account data.

Easy Access to Information

The online account information and robust reporting gives your business the tools needed to manage your payment processing more efficiently and effectively. Here are just a few of the valuable reports available through MerchantConnect:

Account support
Chargeback list
Deposit report
Interchange qualification chart

Why MerchantConnect?

MerchantConnect brings together all the information you need to better manage your electronic payment processing activity. It’s available at your fingertips when you need it.

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