IC+ Monthly Summary report
Use the IC+ Monthly Summary report to view and download the details of the fees charged using the monthly settlement report.
A user can select a month and year for which they want to view the summary of the fees.
The summary report consists of two separate sections: Transactional fees and Non Transactional fees.
Transactional fees report:
Column | Description |
Account Category | The category of account in which there is a financial transaction (debit or credit). |
Account Name | Total sales volume in Digital Payments report excluding the refund transactions (flowing back to cardholder). Note: Refund transactions can be identified in Digital Payments report by filtering for Refund/Void. |
Account Code | Code of the account. By default, this is the name of the account. |
Credit | Payment processing fee charged on the total value of transactions by Zenoti |
Debit | Total fee = Interchange fee + processing fee |
Non-transactional fee report:
Column | Description |
Non transactional fees | List of the non-transactional fees. For example: Saved cards monthly rental |
Fee per instance/center | Rate per transaction or center depending on the fee type |
Number of instances/centers | Number of centers for the organization |
Total fee | Total fee = Fee per center * Number of instances |
Components of IC+ fees
Fee Name | Description |
IC+ Fee | Fees charged under IC+ pricing for all card transactions except Amex. |
Amex Card present fee | Fees charged on all Amex card transactions where card is presented by guest at POS. |
Amex Card not present fee | Fees charged on all Amex card transactions where card is not presented by guest at POS. |
Visa FANF (Fixed acquirer network fee) | A pass-on fee, charged by Visa for verification of centers which processed Visa transactions during the month. Please check the link here for fee slabs Visa Fixed Acquirer Network Fee (FANF Fee) | Clearent |
Mastercard merchant location Fee | A fixed pass-on Fee, charged by Mastercard for verifying centers which processed Mastercard transactions during the month. It’s a flat rate fee applied by Mastercard on every applicable center. |
Failed auth fee | Fee charged per failed authorization of a transaction |
Account updater fee | Fee charged (per instance) for card info & account details being auto-updated for old cards |
Saved cards | Rent charged per month for the number of cards in DB saved by the center. |
Monthly Statement fee | Fee for generating the monthly Statement and invoices |
PCI Compliance | Fixed Fee for PCI compliance benefits |
Implementation fee | One-time Fee charged for Integrating with Zenoti payments |
Monthly Fees | Fixed Fee per center (For some centers this flat rate may be charged by clubbing some of the above Fixed fees) |
Dispute Fees | Fees charged for lost disputed transactions where amount is refunded to cardholder |
Points to remember
On the first bank working day for the region, in the consecutive month, a Monthly Summary report is populated with fees to be paid for the previous month.
At the center level, the report indicates the total fee to be paid per center with fee breakup and utilization info.
At the organization level, the report indicates the sum of fees to be paid by all the centers with the fee breakup.
At the end of the report, if you see a charge labeled as Fees against your Interchange fee settlement, note that this amount has been charged as a partial fee against your IC+ settlement.