Revenue and Gross Profit First, consider the meaning behind the revenue and gross profit numbers on your income statement. Revenue equals all the income generated by sales of products or services during a period. It includes both cash purchases and purchases on account if you use the accrual accounting system and record revenue when it is earned.
With the introduction of taking EMV transactions on the devices themselves, there will NOT be any Test Mode available on our Clover Mobile and Clover Mini devices. If you would like to run a test transaction the devices, please run a small (i.e. $1.00) transaction within Sale app and refund the amount right afterwards.
Card Verification Transactions: used to verify that a cardholderâs account is in good standing without processing a purchase transaction: $0.30 per submission. Refund Fee: Fixed fee portion of the original transaction fee (for example, the refund fee is $0.30 for domestic payments). View less discounts & fees.nternational Sales: The pricing table above applies to domestic payments in US dollars. There's an additional 2.5% charge for any currency conversion and a 1% charge to receive payments from another country (View International Fee Calculator). Chargeback Fee: $20.