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Reviewing your sales on a daily basis

The only thing worse than fraud is more fraud! By staying on top of your daily sales and reports, you can spot anomalies early and contain a potentially costly fraud situation.

We can't emphasize this enough: Review your sales daily. Every day. It just saves so many potential headaches down the line should something go wrong, and here's why:

  • If you catch an anomaly on the night of processing, you still have time. Your processor may be able to stop the batch submission if you're early enough. Or, you can quickly offer offsetting credits if you accidentally charged customers the wrong amounts. In a funding issue - time is money! So the faster you act, the more chance you have of rectifying an issue with minimal cost or headache.

  • Refunds in particular are an easy spot to get taken advantage of. Read about  unauthorized refunds. By reviewing your daily sales figures, you can quickly spot a refund that shouldn't be there, or see ongoing trends, like "why am I always refunding exactly $250 to the same card, twice a week?..."

  • It's rare, but network errors happen! Sometimes, a batch may have a submission error, and not all your sales made it through. Or perhaps sales were double-transacted. It can be caused by your POS, terminal, back-end network, or human error - but duplicates and dropped-sales are not unheard of. As such - always compare your daily batch reports to your bank deposits, to ensure you aren't missing money, or double-charging customers!

We're serious about saving money.

AND is dedicated to getting your processing rates as close to zero as possible. We utilize membership pricing along with cash discounting and surcharging programs to maximize savings. Let our analysts review your statements and see how much money we can put back in your pockets. 

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