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April 11, 2024
Question

Why is my fee for processing a credit card payment from a customer more than the posted 1%?

  • April 11, 2024
  • 1 reply
  • 0 views
I just received a credit card payment from a customer on an invoice for $6241.20 and it says the fees are $181.24. Why is that more than 1%?

1 reply

April 11, 2024

Hi desnedden,

 

Thanks for reaching out to us here.  Using our Payments add-on is a fantastic way to receive customer credit card payments towards their invoices.   It's important to understand the associated processing fees.  I would be glad to provide some insight here!

 

When you receive a credit card payment from your customer using QuickBooks Online Payments Canada, you'll be charged a 2.9% + $0.25 fee. This fee is charged on every transaction processed using Payments. I encourage you to review the Intuit payments pricing schedule, to better understand the fees and how they are applied.

 

If you have any other questions, feel free to reach back out.  We would be happy to help!