T E Transaction

[Sal2]

Hi! I'm new to Square and just entered 2 test transactions using the virtual terminal online. Mastercard worked fine but AMEX shows my company name as T E Transaction and below it says Doing Business As T&E Transaction. I called tech support they said call AMEX. I called AMEX they said call Square. Anyone have any suggestions?

Thank you!

[Donnie-M]

Transactions that haven't posted may show differently.  However, your credit card will usually show SQ*"company name*.  Square is the processor of record and they make a notation of the business behind the SQ*.  I'll show you an example below.

I would give you a note of caution.  Using the terminal to take a keyed credit card is more expensive and has more risk.  If you can do dipped/tapped in person transactions are much more secure and EMV compliant.  There is just less risk.  Big $ keyed transactions where you input customer card info can get flagged by credit card companies for fraud, especially for a new business with no transaction history.

I would say that the naming for the Amex transaction has to do with how Amex views square as a processor.

Hope this helps.

Donnie-M

[Sal2]

Hi Donnie. Thanks for your reply. It shows up correctly on Chase Visa pending transaction with SQ* Mapps Travel but not on Amex. Strange. I hope you're correct that it may be correct when it goes from Pending to Actual transaction but I have a feeling it won't. I'll post here if it does. 

[Sal2]

Hi Donnie.  You were correct today the charges appear as they should on my Amex online statement.  It was just during the “pending” stage they were incorrect.