Billing
Payrix Pro offers flexible billing mechanisms tailored to their preferences. Whether you’re using Net Billing or Statement Billing structures, our platform streamlines the process, enabling automatic billing for each Merchant or grouping of Merchants. Explore the power of automated billing and take control of your Merchant billing process effortlessly.
Net Billing subtracts fees from the account balance before the transaction funds are deposited to the Merchant’s bank account. Net Billing utilizes the Fees page and mechanism to generate Entries displaying the pre-calculated transaction amount with fees deducted.
Statement Billing (also known as Gross Billing) collects fees and debits them directly from the Merchant’s bank account. Statement Billing utilizes the Billing page and mechanism to generate Statement Entries, where each transaction and fee are separate entries.
A Statement Bill (or Statement) is the combined total of all Statement Entries for the time frame.
Tip
No single fee or billing structure is best for every partner. You should base your fee structures in a way that supports your specific business model.
Net Billing versus Statement Billing
Review the examples below for Net Billing and Statement Billing for a clear understanding of how these billing configurations would apply in a real-world scenario.
Net Billing
In Net Billing, the fees are deducted from the transaction amount before being deposited into the Merchant’s account balance.
Example: Net Billing
If there are $100 in sales and $5 in fees in a day, the Merchant will receive a deposit of $95 in their account balance when the funds have settled.
Statement Billing
In Statement Billing, the full transaction amount is deposited into the Merchant’s bank account.
Fees are deducted after a set timeframe (daily or monthly) from the Merchant’s account balance.
Example: Daily Statement Billing
If there are $100 in sales and $5 in fees in a day, the Merchant will receive a deposit of $100 in their account balance when the funds have settled.
At the end of the day, the $5 in fees would be debited directly from the Merchant bank account.