A credit card processing company generally uses one of two methods of payment-the net and the gross method.

Question

Quizplus · Accepted Answer

Credit card processing companies typically use either the net method, where they deduct their fees from the transaction amount before transferring funds to the merchant, or the gross method, where they transfer the full transaction amount to the merchant and deduct their fees separately at a later time.

A Credit Card Processing Company Generally Uses One of Two