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Merchant Track- Glossary
Merchant Track- Glossary

Discover important terms found within Merchant track and inside your reporting

Fabiana avatar
Written by Fabiana
Updated over a week ago

Dashboard

Shortcuts

  • Recent Funding Activity

    • Takes you to the last 7 days of the Funding Summary Report

  • Recent Transactions

    • Takes you to the last 7 days of the Transactions Report

  • Daily Volumes

    • The graph reports up to 20 volumes in the last month.

Stats

  • Total Transaction Count:

    • The number of individual transactions processed by the you since the beginning (regardless of success/failure)

  • Total Transaction Volume:

    • The dollar total of transactions processed by you since the beginning (regardless of success/failure)

  • Last Transaction Date:

    • Reports the date and time of last transaction processed by you

  • Last Transaction ID:

    • Reports the transaction ID for the last transaction processed

Transaction Search

  • Merchant: the location/display name of the entity

  • Account Holder Name: the name entered as the account holder at the time of the booking

  • Auth Date: the date that the transaction received authorization from your customer's issuing bank - the date that the account is verified and funds are reserved for the transaction

  • Capture Date: the date that the issuing bank charges your customer for the transaction

  • Transaction ID: the ID that uniquely identifies a transaction processed by Launch27 Pay (will be found on Charges page inside system)

  • Issuer Response Code/Description: Decline errors the response returned by an issuing bank regarding a particular transaction processed on a card

  • AVS Response Code: the response returned by an issuing bank regarding the address verification to the cardholder's associated account

Reports

  • Funding Date: the date that you receive funds in your bank account for transactions processed

  • Funding Batch: a set of transactions deposited into your account

  • Chargeback Actions: the set of steps taken by the issuing bank (your customer's bank) and by you during the chargeback process - actions may include you accepting liability, an issuing bank crediting a merchant, etc.

  • Credit - a transaction sent down the credit rails to the processor and card brands - this is usually initiated by your customer at the time of the transaction authorization

  • Debit - a transaction sent down the debit rails to the processor and card brands - this is usually initiated by the cardholder at the time of the transaction authorization

  • Funded Fee Amount: the total fees due for a transaction

  • Net Funded Amount: the amount funded to you after fees are deducted

  • Funding ID: the ID that uniquely identifies a deposit or deduction from your bank account

  • Reason Code: the code returned by the issuing bank or card network to describe the reason for a dispute/chargeback initiated by your customer

  • Sales Count: describes the number of individual transactions submitted in a specified date range

  • Sales Total: describes the dollar amount of transactions submitted in a specified date range

  • Gross Amount: lists the dollar amount of transactions processed in a specified date range before fees are deducted

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