A transaction-based printer has a sheet drive for forwarding a sheet through a printing station to a cutting station where the sheet is severed from a spool by a rotary cutter. A kicker element is mounted in the cutting station. Movement of the kicker element is coordinated through the cutter drive with that of the rotary cutter so that the severed sheet is kicked into a bin located in the top cover of the printer. The printer can be, for example, an ink-jet, dot matrix, dye sublimation or thermal printer used to print tickets, vouchers, coupons or the like.