A receipt (known also as sales receipt or cash receipt) is a written acknowledgment to show that a specific amount of money has been received. In other words a receipt is a hard copy description of the transaction that took place at the point-of-sale.
A receipt records the purchase of goods and services. A receipt is not the same as an invoice, although it is used to create an invoice and there are different kinds of invoicing software that connects to the POS terminal which created the receipt, to produce the receipt.
The normal payment receipt template includes: a date, merchant name and location, primary account number, type of account accessed, the amount, the reference number and an action code. Merchants can buy a personalised receipt book, in order to give a more unusual receipt to the customer.
Merchants may also wish to produce net receipts and gross receipts. Net receipts provide the amount of profit gained from sales once taxes and costs are deducted. Whereas gross receipts provide the total amount of revenue a company makes before any deductions are carried out.
Payment Processing Services by NOIRE
NOIRE provides industry leading online payment processing services & risk management technologies. Designed using NOIRE, “Simply Switch On”, approach to payment processing, our payment solutions are built using the latest payment processing technology enabling businesses to “Plug In” and “Switch On” payment modules with ease if and when required.
As a leading Payment Service Provider, you can trust NOIRE to find the right solution for your business. We provide everything in one simple agreement – your Internet Merchant Account, Payment Gateway and Payment Processing with all the leading cards issuers. Combined with NOIRE’s industry leading fraud & risk management solutions, merchants can be confident managing their payments safely and securely from beginning to end with NOIRE.
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