The two common methods of processing credit and debit card transactions are gross and net.

Name: The two common methods of processing credit and debit card transactions are gross and net.
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Question

Quizplus · Accepted Answer

This statement is true. Gross processing involves the merchant paying a set fee for each transaction, while net processing subtracts the interchange fees from the total amount of the transaction before the merchant receives payment.

The Two Common Methods of Processing Credit and Debit Card