What is the BP FDMS CAT Charge on Your Bank Statement?

If you’ve noticed a mysterious “BP FDMS CAT” charge on your bank statement, you’re not alone. This charge is a legitimate fee that appears when you use your credit or debit card at a BP (British Petroleum) gas station. The charge is related to the credit card processing services provided by First Data Merchant Services (FDMS) for transactions conducted at BP gas stations.

FDMS plays a crucial role in facilitating secure credit card transactions at BP gas stations. When you swipe your card at the pump, FDMS verifies the card’s validity, obtains authorization from the card issuer, and ensures the funds are transferred successfully. The BP FDMS CAT charge covers the costs associated with these services.

Why Does the BP FDMS CAT Charge Appear on Your Bank Statement?

The BP FDMS CAT charge appears on your bank statement because FDMS charges a fee for processing credit and debit card transactions at BP gas stations. This fee allows FDMS to recoup the costs involved in handling card payments, including authorization, data transmission, and settlement.

Without this charge, it would not be possible for customers to pay for gas using credit or debit cards at BP stations. The charge is a necessary component of the payment processing system that enables convenient and secure card transactions at the pump.

Components of the BP FDMS CAT Charge

The BP FDMS CAT charge consists of several components:

1. Processing Fees: This fee covers the costs associated with processing credit and debit card transactions at BP gas stations, such as authorization, data transmission, and settlement.
2. Interchange Fees: Interchange fees are charged by the customer’s bank (issuer) to the merchant’s bank (acquirer) for each transaction processed. The amount can vary based on factors like the type of card used.
3. Equipment Rental Fees: FDMS leases credit card terminals from equipment companies to enable contactless payments at BP pumps. The rental fees are included in the BP FDMS CAT charge to cover these costs.
4. Service Charges: FDMS provides ongoing services like customer support, security monitoring, and system updates to ensure secure and reliable payments at BP gas stations. The service charges portion of the BP FDMS CAT fee covers these expenses.

How Does the BP FDMS CAT Charge Appear on Your Bank Statement?

The BP FDMS CAT charge can appear on your bank statement in various ways, depending on your bank’s policies and the card issuer. Some common descriptions include:

• BP FDMS CAT
• GA BP FDMS CAT
• BP FDMS CAT charge
• gas at BP
• BP FDMS CAT Sanford, NC
• BP-FDMS-CAT
• BP FDMS CAT Warrenville
• BP FDMS CAT , AUSTELL, GA
• bp fdms cat american express
• bp fdms cat credit card charge
• PURCHASE BP FDMS CAT WARRENVILLE

Despite the different descriptions, the charge is legitimate if you have used your card at a BP gas station around the time it appears on your statement.

Conclusion

The BP FDMS CAT charge is a necessary fee that appears on bank statements when using a credit or debit card at a BP gas station. It covers the costs associated with processing card transactions through FDMS, including authorization, data transmission, and settlement.

While the charge may seem confusing at first glance, it is a standard fee that enables convenient and secure card payments at BP pumps. By understanding the components of the BP FDMS CAT charge and how it appears on your statement, you can better manage your finances and avoid any unnecessary frustrations. You can also use alternative MMBILL.

If you have any concerns or questions about the charge, it’s best to contact your bank or FDMS directly for clarification.

FAQs

1. What is the BP FDMS CAT charge?
   The BP FDMS CAT charge is a fee that covers the cost of processing credit and debit card payments at BP gas stations. It appears on bank statements after fueling up using a card.
2. Why am I charged the BP FDMS CAT fee?
   You are charged the BP FDMS CAT fee whenever you use a credit or debit card to purchase gas at a BP station. This fee allows First Data Merchant Services (FDMS) to recoup the costs involved in handling card transactions at BP pumps.
3. How much is the BP FDMS CAT fee?
   The BP FDMS CAT fee amount varies per transaction but is usually a small percentage of the total fuel purchase, typically ranging between 1-3% of the total gas spend. The fee is not set by BP or the customer’s bank.
4. How do I dispute the BP FDMS CAT charge?
   If you believe a BP FDMS CAT fee was charged in error on your statement, first check that you did purchase gas from BP using a card on the date listed. If there’s no matching transaction, contact your bank to dispute the charge within the specified timeframe and provide any relevant paperwork to support your claim.
5. Can I avoid the BP FDMS CAT fee?
   No, you cannot avoid the BP FDMS CAT fee if paying for gas using a credit or debit card at a BP station. This charge is mandatory to cover transaction processing costs. Your only alternative is paying with cash instead of a card to circumvent this fee.