Changes to Payment Gateway Charges
Monday, December 30, 2013
Happy New Year!
We want to thank you for your continued business into the 2014 New Year. Many new changes and value-add updates are planned to released this 2014 year.
Today, we have changed the way we charge for payment gateway usage. This is a good change for clients as we were not able to accurately charge for payment gateway charges in the past. Previously we charged a fixed tax rate of 3.80% to displace the fees associated with using a payment gateway. This was due to not having the ability to define gateway charges per gateway and include a transaction fee which is charged by these providers, so a fee had to be charged across all payment gateways. We didn't like doing this as some clients did not need the gateway charge due to the payment gateway they were using or the rate we charged was too much or too little to cover the fees.
Now, we have implemented a new module that allows us to correctly and accurately charge for payment gateway usage of your choice. In addition we recently released (Dec. 14, 2013) our Stripe payment gateway which allows us to charge all major credit cards!
Effective immediately the new payment gateway charges are as follows:
PayPal: 2.99% + $1.00
Stripe (Credit Card): 2.99% + $1.00
Mail in Payment (Cash/Check): Free