Card reader transactions

Bank Feeds
1

Hello

When I receive a payment in to my account from a card reader the amount does not tally with the invoice value because the card reader provider subtracts their commission from the payment. How do I reconcile this?

Thanks

Mike

2

Hello @MikeHancock

Usually you would use a merchant account for this

In the merchant account you would pay the client invoices and record a purchase invoice for the fees, netting it off to zero

https://support.quickfile.co.uk/t/handling-payments-from-merchant-accounts/8865

3

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