Types of Credit card reconciliation

Types of Credit card reconciliation

There are 2 types of CC reconciliation.

1. Credit Card Statements: A credit card statement is a monthly report that shows all the activity on your credit card account for the billing period. This includes all the purchases, payments, credits, and any other activity that has occurred on the account. The statement also shows your current balance, the minimum payment due, and the due date.
2. Credit Card Merchant Services: Credit card merchant services are a type of financial service that allows businesses to accept credit card payments from customers. Merchant services providers typically offer a range of services, including credit and debit card processing, fraud protection, and merchant account management. The merchant service provider charges a fee for each transaction