Schedule A Definitions

Listed below are definitions for each field on the Processor (Schedule A) page so that you can fill it out accurately.

Name: This should not only represent the correct Processor you will board the merchant with, but it should also be a name that you are comfortable with your Sales Agents seeing, since they will be choosing from a list of Processors while performing a statement analysis.

Rev Share:  This is the revenue share that you have negotiated with the Processor/ISO/Acquirer.  **Note** If you have multiple rev share options, then you can create multiple Processors (Schedule A's) to accommodate the different options you have for boarding the merchant.

Description:  This allows you to type any relevant notes about this specific Processor relationship, however, this section is optional and can be left blank.

Visa/MasterCard/Amex: Each card type has a unique basis point cost that is charged to the merchant.  Clientvine builds this into your Tiered rates and itemizes them separately if you are pricing the merchant on Interchange Plus pricing.

Bank Settle: Bin Sponsorship fee, typically ranges from 0.00 to 0.03 basis points. This is a cost on all processing volume that gets deducted from your residual.

Amex Network:  This is the assessment value for Amex similar to Visa/MC/Discover.  It should be 0.15%.

Amex Acquirer: This is the negotiated basis point cost between you and your Processor.  

High-Speed Auth: Authorization cost for Internet-connected terminals on the primary platform of the Schedule A.

High-Speed Settle: Sometimes, Schedule A's have the individual settlement cost for transactions broken out.  If your Schedule A doesn't have a line item for Settlement, then most likely, the Auth line item covers both Auth and Settle.  

In Clientvine, we combine the Auth and Settle fees to make one transaction fee cost.

Dial Auth: Authorization cost for dial-up-connected terminals on the primary platform of the Schedule A.

Dial Settle: See High-Speed Settle

Pin Debit: This is your authorization cost for Pin Debit transactions.

Batch Fees: This is your transaction cost for the daily batch settlement.

Name:  Ex: Authorize.net, USAePay, NMI

Monthly Cost to ISO: This is the buy rate paid by the signer of the gateway reseller agreement, which is typically the owner of the ISO or the independent agent. 

Trans Cost to ISO: This is the buy rate paid by the signer of the gateway reseller agreement, which is typically the owner of the ISO or the independent agent.

Monthly Cost to Agent:  This field allows you to give your agents a higher buy rate than what you pay, however, you are not required to do so.  Simply match the Cost to ISO if you want the buy rate to be the same.

Trans Cost to Agent:  This field allows you to give your agents a higher buy rate than what you pay, however, you are not required to do so.  Simply match the Cost to ISO if you want the buy rate to be the same.

Default Monthly: This is the Suggested Retail price that your agents will see on the Statement Analysis page when proposing new rates and fees to the merchant.  The agent can modify the pricing at the statement level so that they are not stuck the with the Default price.

Default Trans: This is the Suggested Retail price that your agents will see on the Statement Analysis page when proposing new rates and fees to the merchant.  The agent can modify the pricing at the statement level so that they are not stuck the with the Default price established on this page.

Mandatory fees represent the line items that you are required to charge your merchants, otherwise, the buy rate will be deducted from your monthly residual.  

Optional fees represent any product or service that you could sell to a merchant at any given moment.  Ex: Data Breach coverage, POS Monthly Subscription fees, Online Reporting, etc.

Name: This is the name that will appear on the Proposal, so make sure that it's clear and concise.

Cost to ISO:  The is the buy rate that get's charged to the ISO, whether you charge the merchant or not.  

Split to ISO:  Revenue percentage that the ISO keeps above the buy rate.

Cost to Agent:  Buy rate to the agent.  If there is no markup to the agent, then make it the same as the Cost to ISO field.

Split to Agent:  This percentage acts as an override of the individual residual split of the agent that is set on the User profile.  Ex:  The agent might get to keep 50% of all residuals, however, for this particular line item, maybe they don't get to share any revenue at all.  In that case, you would put 0% for this particular line item.

Default Price: This is the Suggested Retail price that your agents will see on the Statement Analysis page when proposing new rates and fees to the merchant.  The agent can modify the pricing at the statement level so that they are not stuck the with the Default price established on this page.