Billing

Merchant billing is the process by which fees are calculated and charged based on your payment and account activity within a set billing cycle, such as daily, weekly, or monthly.  Billing includes fees for processing payments, account maintenance, and additional charges, as defined by your pricing.

Fee Collection
Your payout type determines how fees are collected

• Net payout: Fees are taken directly from your payout before it is deposited.
• Gross payout: Fees are withdrawn directly from your bank account.

Billing Frequency
Your billing frequency refers to how often you are billed for fees.

• Daily: Merchant is billed daily for the previous day's transactions. Default for flat-rate pricing
• Weekly:  Fees are accumulated over the week and billed on the merchant's anchor date. Default for interchange++ pricing
• Monthly: Fees are accumulated over the month and billed on the merchant's anchor date

To view your Billing Schedule, refer to this article: Processing Details