Accounting for Transaction Processing Fees
6:17
YouTubeEdspira
Accounting for Transaction Processing Fees
When a company accepts payment by credit card, the company incurs a transaction processing fee from a payment processing network (Visa, MasterCard, etc.). Thus, if a customer makes a $100 purchase, the company won't receive the full $100 due to the transaction processing fee. Transaction processing fees (aka credit card fees or payment ...
2K viewsMay 13, 2024
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