Home > RMS9 > Accounting > Credit Cards > Applying Merchant Fees

Applying Merchant Fees

Overview

This aricle will take you through the steps to turn on Merchant Fees for your Credit Card receipts, this feature allows you to pass forward the Merchant fees that you would accumulate when processing credit cards.

Activating Credit Card Merchant Fees

To activate the option to pass forward your Merchant fees to your guests you must first ensure that the option 'Use Credit Card' is checked in your General Information > Options tab

From any screen within RMS 9

Click once on Setup on the Navigation bar
Choose Property Options from the list
Choose General Information from the sub list

Check the option 'Use Credit Card', then select Save/Exit (see zoomed section of screen shot below)

For your RMS9 system to recognize this new setting you must log out of RMS9 then log back in.


ActivatingCCMerchFee.jpg

Getting to the Credit Card Setup Screen

From any screen within RMS9

Click once on Setup on the Navigation bar
Choose Accounting from the list
Choose Credit Cards from the sub list

Adding/Editing a Credit Card Type

To edit an existing Credit Card type double-click on the one you wish to edit from the list on-screen.  You will be presented with the screen shown below.

Go To the Transaction Fees Tab

The Transaction Fees tab has two purposes;

Apply Merchant fees

If you wish to apply a merchant fee to any credit card receipt at the time of processing you will need to enter the relevant information into the below three fields;

Merchant Fee: This is the figure including TAX that you wish to charge with each credit card receipt.

No greater than: This is the figure that the fee should not exceed, normally this will be set to a high number that is not reached.

Account Code: This is the G/L Acc Code that you wish the fee to apply to in your reporting.

Apply Gateway Transaction fees

This option is only functional for our UK customers and their online gateway.

Once you have set your Merchant Fee, select Save/Exit.

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Last modified
14:01, 11 Feb 2014

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