If you accept invoice payments from either a credit card or a bank transfer, you probably noticed that there is a fee for doing so. Just below, you will find a chart outlining all the different fees you could possibly incur based on the type of payment you plan to accept, including our new Bank Payments Option.
|Credit Card||Bank Payment|
|Canada & USA||2.9% + $0.30||1%|
Please note that with each method of payment, there is a minimum fee. For example, the minimum fee for a credit card payment $0.32, due to the minimum amount that can be paid with a credit being $0.50.
For a Bank Payment, no matter how much you have accepted from your client, the minimum fee is always $1. This fee is saturated once a payment of $100 is made. So in other words, the bank payment fee is $1 for any transaction with a value of $0.01 to $100. Any payment of more than $100 will result in a fee of 1% of that payment. See below: