The Merchant Migration Tool allows you to quickly migrate and bulk-create merchant cards, streamlining your onboarding process to Moss.
With this tool, you can efficiently manage your recurring payments by transferring them seamlessly onto Moss merchant cards, making the entire migration smooth and hassle-free.
Why this tool is helpful
Easily detect and migrate all recurring payments.
Automatically generate and assign merchant cards to the correct owners.
Cardholders receive immediate notifications to update merchant billing details.
Eliminate dependency on specific tool owners for card creation.
How it works
Upload your credit card statements: Submit your recent credit card statements to Moss. Go to "Cards" > and click on "Migrate merchant payments".
We accept formats like PDFs and CSVs, and it’s ideal to include multiple months of statements for better accuracy as some subscriptions are charged on a yearly or quarterly basis and not on a monthly basis.
Detect subscriptions automatically: The algorithm scans your transaction data to identify recurring payments, categorizing them for clarity and ease of use.
Generate Moss merchant cards: Review the detected subscriptions in a neatly organized list. You can make edits or adjustments as needed. With a single click, Moss will create dedicated virtual cards for each subscription.
Update payment details at merchants: Log in to each merchant's website and update your payment method with the new Moss card details to ensure all future transactions are processed on your Moss account.
FAQs
How are merchants detected?
Merchants are automatically identified by scanning uploaded bank and credit card statements for recurring transactions, payment frequencies, and transaction amounts. Merchants typically include software, cloud services, marketing, and travel expenses.
What if users haven't been invited yet?
You can directly invite new users by providing their email addresses when assigning subscription cards in the migration flow.
Which files can I upload?
You can upload CSV and PDF files, including bank or credit card statements, and individual merchant invoices. For the best results, upload multiple statements, even from various banks or card providers.
Nothing was detected. What should I do?
Ensure your uploaded files include clear transaction details like merchant names, amounts, and dates. If PDFs aren't effective, consider using CSV files for improved accuracy.
How is the expected spend calculated?
Expected spend is computed based on historical transaction patterns and frequencies from your uploaded statements.
What if I don't want to upload statements?
You can opt for manual bulk creation of merchant cards at any time.
Who can access this tool?
Access is limited to admin users only.