When a Manufacturer completes a successful charge using mtCharge+, the Retailer's bank account / credit card statement will reflect this charge by showing a prefix of MKT*, then the Manufacturer's name.
Below is an example of a transaction note:
The transaction above is presented in the following format:
MKT*MANUFACTURER NAME
In this example, the portion of the Manufacturer's name is MARKETTIME TEST 2 and MARKETTIME TEST 3.
NOTE: The specific text in the transaction note may differ slightly depending on the financial institution, but the general information noted above 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.