Moneris Go Plus offers a streamlined way for merchants to accept card payments and manage settlements. This solution combines core processing with flexible funding options, giving businesses predictable visibility into their revenue flow.
Designed for small and mid-sized operations, Moneris Go Plus emphasizes clear pricing structures and fast onboarding. Below is a detailed breakdown of how the platform handles settlements, statements, fees, and reporting.
| Feature | Details | Benefit | Impact on Business |
|---|---|---|---|
| Settlement Cycle | Daily or weekly transfer of funds to bank account | Improved cash flow | Faster access to working capital |
| Statement Frequency | Daily summary and monthly detailed statement | Clear transaction tracking | Easier reconciliation |
| Funding Options | Direct deposit to designated bank account | Reduced manual handling | Lower administrative overhead |
| Fee Visibility | Itemized breakdown per transaction type | Transparent cost structure | Better budget forecasting |
How Moneris Go Plus Settlement Works
Settlement in Moneris Go Plus refers to the process of moving authorized funds from the payment processor to the merchant’s bank account. The platform allows businesses to choose between daily or weekly settlement schedules, aligning cash availability with operational needs. Each batch of transactions is compiled into a settlement report, showing gross amounts, fees, and net deposits.
Merchants can view pending transactions in the dashboard before final settlement. This visibility helps identify processing errors early. Automated notifications flag failed deposits, ensuring timely resolution and reducing reconciliation effort.
Understanding Your Statements
Moneris Go Plus provides detailed transaction logs that feed into both daily summaries and monthly statements. Daily summaries offer a quick overview of volume, refunds, and fees, while monthly statements deliver line-item detail for audit and compliance. This layered reporting approach supports accurate bookkeeping and reduces manual data entry.
Each statement includes transaction identifiers, timestamps, and reference numbers. With consistent formatting across statements, businesses can easily match bank deposits to processed batches. The structured layout also simplifies year-end reporting and external audits.
Fee Structure and Cost Management
Understanding the fee components is essential for managing overall acceptance costs. Moneris Go Plus breaks down charges by transaction type, card brand, and processing method. This clarity allows businesses to forecast expenses more accurately and identify opportunities for optimization.
Fee schedules are presented in a standardized format, showing per-transaction rates and any additional fixed fees. By reviewing these details regularly, merchants can compare performance across channels and adjust strategies to improve profitability.
Integration and Operational Efficiency
Moneris Go Plus integrates with common point-of-sale systems and e-commerce platforms. These connections reduce manual entry and limit discrepancies between sales records and settlements. The platform supports batch processing, allowing businesses to settle at optimal times based on cash flow goals.
API access enables custom workflows, connecting transaction data to internal accounting software. This level of automation enhances accuracy and frees staff to focus on customer service and growth initiatives rather than administrative tasks.
Key Takeaways for Moneris Go Plus Users
- Choose between daily or weekly settlement to suit cash flow preferences
- Review daily summaries for quick visibility into volume, fees, and refunds
- Use monthly statements for detailed reconciliation and compliance
- Monitor fee breakdowns to manage acceptance costs effectively
- Leverage integration options to reduce manual data entry and errors
FAQ
Reader questions
How often are funds transferred to my account with Moneris Go Plus?
Funds are transferred either daily or weekly, based on the settlement schedule you select during setup. You can align the frequency with your cash flow requirements to maintain steady working capital.
Can I view detailed transaction reports within the Moneris Go Plus dashboard?
Yes, the dashboard provides itemized transaction details, including authorization, capture, settlement, and refund status. You can filter by date range, transaction type, and other criteria for deeper insights.
What should I do if my bank deposit does not match my settlement report?
First, compare transaction reference numbers between the settlement report and your bank feed. If discrepancies persist, use the dashboard logs to trace processing stages and contact support with detailed evidence for faster resolution.
Are refunds and chargebacks included in the settlement summary?
Refunds and chargebacks appear as separate line items in both daily summaries and monthly statements. This treatment ensures that reversals are clearly distinguished from standard sales, supporting accurate revenue tracking.