Monthly Discount Fees vs. Daily Discount Fees
Matching your daily credit card totals to your bank account deposits should be a very simple procedure. In the case of Daily Discounting, it is an unnecessary burden implemented by many credit card processers today. Here are the differences:
Assuming the daily totals from your credit card processing terminal equal $500, with Monthly Discount Fees you would receive a deposit in the amount of $500. Any processing fees associated with your merchant account are then debited at the end of the month.
In the case of Daily Discount, the $500 total would result in a deposit of approximately $490.00 with the difference being fees assessed by your processor. At the end of the month your merchant account is also charged any remaining fees not assessed during the month.