BILL4TIME PAYMENTS TRANSACTION FEES
All credit card payments, regardless of card type including international cards, incur a flat 2.8% transaction fee, however some additional small network fees may apply to individual payments.
eCheck pricing is a $5 flat fee regardless of payment size.
If you believe you are receiving better rates from another processor we are happy to perform a free Rate Comparison at no additional cost to help you assess if Bill4Time Payments can provide lower rates than what you are currently receiving.
HOW WILL I BE CHARGED FOR THESE FEES?
Transaction fees for credit cards and eCheck fees are deducted on a per payment basis, separate from the payment itself. You will receive the full payment amount in your bank account and the transaction fees will be reflected as a separate transaction debit.
Please note: Fees may be debited from your account before your successful payment appears in your account.
Credit Card Payment Example:
$100 payment will be deposited in full
$2.80 will be debited for transaction fees separately
eCheck Payment Example:
$100 eCheck payment will be deposited in full
$5 flat eCheck fee will be debited separately
HOW AND WHEN WILL I RECEIVE MY FUNDS?
Depending on the type and number of ePayments you've received in a day, your firm may receive multiple deposits. You will receive daily batch deposits for credit card transactions received, and individual deposits for eCheck transactions received each day.
- Credit card payments will be deposited to your bank in 2-3 business days - excluding bank holidays and weekends.
- eCheck payments will be deposited in 3-5 business days - excluding bank holidays and weekends.
If you would like to see a breakdown of the ePayment deposits you received or more specifically which payments were part of a deposit you received - please reach out to firstname.lastname@example.org for assistance.
OTHER FEE TYPES:
- These fees are the cost for using the card networks and are usually cents on the dollar (.01% or .02%).
- These fees may apply - but will not always apply to every transaction.