When we charge a customer and they use certain cards it charges them a surcharge on my books Will this income just go in my non taxable income? Thanks.
@Strands of love Theoretically, it should be treated as regular income, not that it hurts you any.
While you do receive the surcharges, I expect your merchant service provider takes the surcharges back out for themselves later as part of your Merchant Account Fees.
So, it washes out. $100 in fee income versus $100 in merchant fees equals $0 profit, effectively.
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