Configure new account default settings

You can edit account default settings for new merchant accounts, including Merchant Exception Table (MET) default values according to a SIC code range.

Navigation

Search for the group or association that you want to view.
The Group/Association Summary page displays.
Click the Group/Association New Account Defaults link.
The Group/Association New Account Defaults page displays.
Click Edit.

Page: Group New Account Defaults or Association New Account Defaults

Edit new account default settings

Enter values for required fields and optional fields, as needed.
Click Validate.

Add a MET default value

Type the low value for the SIC code range in the Starting SIC field.
Type the high value for the SIC code range in the Ending SIC field.
Enter the default Merchant Exception Table for merchant accounts that fall in the SIC code range in the MET Default table.
Enter values for optional fields, as needed.
Click Add.
The range and the default table setting are added to the Current MET Table Defaults By SIC Range table.
Click Validate.

Modify a MET default value

Click the option button in the Current MET Table Defaults By SIC Range table for the SIC Code range that you want to modify.
Enter values for required fields and optional fields, as needed.
Click Update.
Click Validate.

Delete a MET default value

Click the option button in the Current MET Table Defaults By SIC Range table for the SIC Code range that you want to delete.
Click Delete.
Click Validate.

Page elements

Field name	Description	Requirement
AMEX OptBlue	When selected, this indicates participation in the American Express OptBlue program.
Discount Range From	Establishes a minimum discount rate to be assigned when adding new merchants if New Account Defaults come from the Association Level. Note: An entry other than 0.00 in this field will prevent setting” per item only” discount range.	Optional field with no data entry required. This field is a percentage entry that requires the use of a decimal 0.00.
Discount Range To	Establishes a maximum discount rate to be assigned when adding new merchants if New Account Defaults come from the Association Level.	Optional field with no data entry required. This field is a percentage entry that requires the use of a decimal 0.00.
Discount Type	Designates how discount will be calculated. G - Gross N - Net	Optional field with no data entry required.
Hold Statement	Select from the drop down menu: F - Foreign Statement (used for non- US postal codes N - No (printed statement will be mailed to the appropriate merchant address.) Y - Yes (printed statement will be sent back to the client as part of their daily Fed-Ex package.)
Interchange Dollar Amount	Designates how interchange will be calculated against the dollar amount of transactions processed. G - Gross N - Net B - Both	Optional field with no data entry required.
Interchange Number	Designates how interchange will be calculated against the number of transactions processed. G -Gross N - Net B - Both	Optional field with no data entry required.
Minimum Discount	Populates the minimum discount amount in the Discount Charge Record on the merchant Account.	Optional field with no data entry required. This field is a dollar amount entry that requires the use of a decimal 0.00.
Months for Next Call	This field is no longer used.
Plastics for New Merchant	This field is no longer used.
Print Statement	Used to generate a paper merchant statement. No Default N-No Y-Yes Note: This does not effect Online Merchant Statements (OLMS).	Optional field with no data entry required.