Many merchants are unaware of the fees associated with MTOT Disc. Merchants hide these fees by using terms such as “Bankcard” or “credit card” to mask the fee’s true nature. Regardless of the wording used, be sure to talk to your processor to find out if this fee applies to your business. After all, you shouldn’t be paying for a service you’re not familiar with.
You may have received an mtot disc on your bank statement. The bankcard is not charged until you make a transaction with it. However, you can request an online ordering connection to receive the disc statement. It will show the transaction amount and can be customized to suit your needs. If you’re a business owner, a bankcard mtot disc is a great way to make sure you’re maximizing the use of your credit card.
If you’ve recently opened a merchant account with a new bank, you’ve probably noticed an MTOT DISC charge in your monthly statement. It’s common for merchants to be unaware of this deduction. While some banks add it to their list of fees, others don’t. Typically, merchants don’t notice the DISC charge until they’re reading their annual account statement. Therefore, it’s important to understand how mtot disc works.
MTOT DISC fees can vary from $40 to $150, depending on the bank you choose and the size of your business. If you’re not sure if this fee is justified, make sure you contact your bank and file a dispute within 60 days. Although banks are supposed to disclose all fees upfront, some may hide them. In such cases, it’s best to choose a bank that discloses all fees before you open an account with them.