An a gross statement refers to the difference between a basic consumer card at its lowest rate (commonly called vanilla or plain card) and the rate of the actual card used. NOTE: Surcharges only apply to Gross billing statements because Interchange Plus lists all card types separately, without reference to other cards.
« Back to Glossary IndexCategories
Recent Posts
- MicroBiz Named 2021 Best Salon POS Software December 9, 2020
- COVID Pandemic’s Impact on Contactless Payments August 5, 2020
- MicroBiz POS President to Participate RSPA Academy Online Symposium on Aug. 26-27 August 4, 2020
- MicroBiz Partners with POS Portal to Sell and Support POS Hardware May 15, 2019
- MicroBiz President to Present at Software Executive Executive Forum July 7, 2018