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April 13, 2022
Question

Bank deposit fees. How are these calculated or is there a flat fee for each payment that's processed?

  • April 13, 2022
  • 1 reply
  • 2 views
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1 reply

QuickBooks Team
April 13, 2022

Hi info-blackandwhi,

 

We're delighted to see you in Community.  Welcome!  QuickBooks Online Payments is a great way to ensure your customers pay on time.  It's essential that you have a full understanding of the associated fees.  I'll be happy to help!

 

When using the payments feature, you'll be automatically charged per transaction at a rate of 2.9% plus $0.25 per transaction.  Please refer to the Intuit payments pricing schedule for more information.  All rates and fees are subject to change under the terms and conditions of the Intuit Merchant Agreement.  You can view the exact rates and fees that have been applied to your transactions on your bank statement.

 

If you have other questions, please don't hesitate to reach back out.  We'd be glad to assist!