The Merchant Deposit Report
While your admin dashboard will show you the total donations received so far, that number is often greater than the amount of funds currently deposited into your account. This is because most organizations choose to have deposits made into their account once per week. To see the total amount currently deposited into your bank account you can download the Merchant Deposit Report on your admin dashboard. Follow this step-by-step guide!
Interpreting the Merchant Deposit Report
Here is an example of a Merchant Deposit Report:
In this example, Paid Donations is the amount of online donations that have been processed and are a part of this deposit summary. Here, $19,974.01 was donated by donors.
For the MyBooster service level, the Total Fees Withheld will always been 15% of the Paid Donations; in this case, $2,996.19.
However, the Donor Covered Fees column shows that $2,122.50 of the $,2996.19 was covered by donors.
This means that the Net Fundraiser Fees this school was responsible for was $873.60.
The rightmost column, Deposited, is the total amount to this point in the fundraiser that has actually been deposited into your account. It will be the Paid Donations minus the Net Fundraiser Fees.
If you experience an issue, please reach out to your Booster representative or submit a Help Desk request and our Customer Success team will be in contact soon!