A statement notification is sent by email whenever a deposit is made to a merchant’s account or whenever a debit to a merchant’s account is initiated.
As a regulated money transmitter, YapStone, Inc. and its merchant customers are required to comply with certain consumer disclosure regulations. The requirements are designed to protect the consumer using the merchant’s services and YapStone’s payment processing services.
For Yapstone generated statements, the following fields and values are displayed and present:
Date |
This is the date the order to disburse or debit funds to/from your account is issued. |
Ref Id |
This is the reference Id number given to that operation. This is particularly useful if you need to contact the support team. |
Amount |
This is the amount deposited to or debited from your account. Note: The amount is the sum of the below categories. It reflects the amounts payable to you (if any) less any funds owed to Yapstone (e.g., due to refunds or chargebacks). |
Bank Account |
This indicates the last 4 digits of the account where funds are being sent to or debited from. |
Payments |
This section refers to payments made to your account, if any for a given period of time. Note: Fees are collected by Yapstone before depositing funds to your account. |
Refunds |
This section sums up refunds you have issued to your payers, if any, during a given period of time. Note: Fees are refunded by Yapstone directly, they are not collected from your bank account, however they will be refunded to the payer’s card by Yapstone. |
Chargebacks |
This section summarises whether you received any chargebacks and the amount(s) owed by you as a result. |
Other Debits/Credits |
This section shows if any other debit or credit is due. |