For Merchants on a net pay set up, fees are taken just before settlement/depositing to your Account. The best area to view fees is in the settlements report. Here you will find 3 columns: Merchant fees and incentives and adjustments. See below a brief description of each.
• Merchant fees: a percentage of each transaction is paid to American Express in exchange for processing. The Merchant fees is the total dollar amount of the discount rate % applied to transactions, submissions or settlements.
• Adjustments: financial debits and/or credits to your bank Account due to invalid charges, customer disputes and promotional rebates.
If you are on a gross pay set up fees will be taken as a direct debit each month. In this case, the Merchant servicing fees, incentives and adjustments will appear as 0 on each settlement in the current month, and a direct debit line item will appear as a separate settlement once the gross pay amount has been deducted.