IRIS provides two choices for what a user's split percentage will be based on: Gross or Net
- Gross = split percentage will be based on the regular Net Income of the ISO
- Net = split percentage will be based on the percentage set as the Group Split
The gross/net split for a user can be set at the merchant level from the Manage > Administration > Merchants > Merchant Management page or from the Manage > Administration > Residuals > Templates page.
When selecting a merchant by clicking on the MID#, the user is brought to their Manage Merchant page. Merchant split assignments are displayed in the Merchant Access Permission area on the right.
Users are also able to designate users and splits assigned to a particular merchant by selecting the “View” button next to the merchant’s name from the Merchant Management page:
When the split type selected is Net, IRIS will display the split percentage as a calculation of Gross Split/Group Split, and give detail on the net and group split percentage.
From the residuals page, where a split percentage is Net as opposed to Gross, IRIS will display an indicator (blue dot) next to the percentage amount.
From the user management page, where a split percentage is Net as opposed to Gross, IRIS will also display an indicator (blue dot) next to the percentage amount.
Hovering over the blue dot will give more detail on the split percentage.
The Net Split functionality is also available in the “Group Splits” tab in the “Manage Residuals” page. When a group split combination is created, the user has the option to select Net as the split type.