Identifying Approved but Inactive Merchants
One of the most effective ways to ensure processing accounts become active as quickly as possible is to identify any bottlenecks post approval. The report listed below can help you identify which of your approved merchants are actively processing and which ones are approved but still yet to start processing.
Using the Report
The report is designed to provide you with a quick overview of which merchants are approved but are yet to start processing. You can quickly identify whether merchants are taking too long to become active and investigate any potential issues.
Importance of identifying Issues
If you find any merchants that have been approved for some time but are yet to start processing, you should investigate any potential issues causing the delay.
By quickly identifying and resolving any potential issues, you can ensure processing accounts become active as soon as possible.
Filters
Info-graphics
Total MIDS Approved in (filtered year): A count of all the approvals tallied in the filtered year
Not Active < 120 days: A count of all the approvals within the last 120 days that have not be activated
Not Active < 120 days: A Percentage of all the approvals within the last 120 days that have not be activated
Not Active > 120 days: A count of all the approvals past 120 days that have not be activated
Not Active > 120 days: A Percentage of all the approvals past 120 days that have not be activated
Active < 120 Days: Percentage of approvals that have been activated within 120 days
Active > 120 Days: Percentage of approvals that have been activated past 120 days
Graph
The image above is animated to show how you can hover your pointer for more information and to show how you can click the items in the key to adjust the graph to exclude or include key items.
Y-Axis: Approval count
X-Axis: Months in the filtered year
Table
Approval Month: The month the merchant was approved according to their approval date
Approval Year: The year the merchant was approved according to their approval date
Processor: What processor the mid belongs to. (Only have Elavon data*)
MID: Merchant Identification number assigned to the merchant
DBA: The merchant's doing business as name
Salesperson: The name of the sales user assigned to the merchant account
Division: The name of the division the sales user is assigned to
Merchant Status: Account status reflects whether the account is approved or closed
FDD Date: The First Deposit Date shows when the account first became active by settling their first batch
Volume to date: Total volume the active account has accumulated until present date
Activation Status: Is the merchant active or not yet active