Net settlement
Paying a merchant their sales less the fees, as one figure, rather than paying the full amount and invoicing the fees separately. Both arrangements exist and neither is better in itself — but they produce very different books, so it is worth knowing which one a quote assumes before comparing it to another.
Why it matters to a merchant
Establish which arrangement a quote assumes before comparing it to another one, because the two produce different-looking books from identical economics. It also decides what your bookkeeper has to do: under net settlement the fees are visible only in the reporting, so the reporting has to be good enough to pull them out as their own figure.
Read more: Settlement and reconciliation
Where this comes up
Pages on this site that deal with this in context:
Related terms
In this section: What it costs, and what gets measured