Use CC Net Exchange Billing (M23)

Purpose: Use this screen to define whether the system holds the credit invoice for a return to net it against the debit invoice for the associated exchange in order to reduce the number of transactions that occur for an exchange. The system uses the system-delivered EXC Net Billing for Exchanges deferred payment option to determine how long to delay billing the customer’s credit card, based on the invoice date and the # of days for deferral defined for the EXC payment option.

Yes/No field: Select this field if you want the system to hold the credit invoice for a return to net it against the debit invoice for the associated exchange in order to reduce the number of transactions that occur for an exchange.

Examples of net exchange billing: The remaining amount after the system performs credit card netting determines whether the system charges or credits the customer’s credit card.

Even exchange	Credit invoice for returned item = $50.00 Debit invoice for exchange item = $50.00 During deposits, the system nets the credit invoice containing the returned item against the debit invoice containing the exchange item to determine the remaining amount to deposit: 50.00 debit - 50.00 credit = 0.00 balance The system does not charge or credit the customer’s credit card.
Uneven exchange for less expensive item	Credit invoice for returned item = $100.00 Debit invoice for exchange item = $60.00 During deposits, the system nets the credit invoice containing the returned item against the debit invoice containing the exchange item to determine the remaining amount to deposit: 100.00 credit - 60.00 debit = 40.00 credit The system credits the customer’s credit card $40.00.
Uneven exchange for more expensive item	Credit invoice for returned item = $100.00 Debit invoice for exchange item = $140.00 During deposits, the system nets the credit invoice containing the returned item against the debit invoice containing the exchange item to determine the remaining amount to deposit: 140.00 debit - 100.00 credit = 40.00 debit The system charges the customer’s credit card $40.00.

Note: If you select this system control value, the Preload Deposits (L78) system control value must be unselected; you cannot use preload deposit processing if you are using the Credit Card Net Exchange Billing. If both system control values are selected, the system performs credit card net exchange processing and does not preload deposits.

Leave this field unselected if you do not want the system to hold the credit invoice for a return to net it against the debit invoice for the associated exchange in order to reduce the number of transactions that occur for an exchange. When an exchange is processed, the system credits the customer’s credit card for the amount of the return item and charges the customer’s credit card for the amount of the exchange item when it is shipped.

For more information: See Credit Card Net Exchange Billing for processing details.