When a Manufacturer completes a successful charge using mtCharge, the Retailer's bank account / credit card statement will reflect this charge by showing a portion of the Manufacturer's name, the PO#, and 'GETBALANCE.CO CA' text.
Below is an example of a transaction note:
The transaction above is presented in the following format:
Manufacturer's Name PO Number GETBALANCE.CO CA.
In this example, the portion of the Manufacturer's name is Soccer Balls, and the PO number is DB953370 (all transactions end with GETBALANCE.CO CA)
NOTE: The specific text in the transaction note may differ slightly depending on the financial institution, but the general information (Mfr name, PO number & Balance text) should be present in some format.
The transaction note for a refund will appear identical to the original charge, except that it would accompany a negative dollar value.
The screenshot below shows the purchase order from this transaction. The circled areas, identify the data being pulled into the transaction note.
NOTE: Retailers will not automatically receive an email, note, or invoice when a Manufacturer processes payment in MarketTime. This communication should come directly from the Manufacturer to their Retailer. MarketTime encourages Manufacturers to send an invoice to each customer before or after a charge is executed in mtCharge and include a note on how the charge will look on their credit card statement.