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Ex: A customer selects “Pay by Credit Card” for a Payment Plan.
The cost of the program is $1,000
The Transaction Fee is 3% ($30)
The Payment Plan is 4 installments (with no additional installment fees)
Total Cost = $1,130030
$1,000 will show on the open AR Report
$130 $30 will show as Projected Fees, but will NOT show on the AR Report page
$30 $7.50 Transaction Fee for Payment 1
$30 $7.50 Transaction Fee for Payment 2
$30 $7.50 Transaction Fee for Payment 3
$30 $7.50 Transaction Fee for Payment 4
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Ex: A customer selects “Pay by ACH” for a Payment Plan, but changes the 2nd installment to “Pay by Credit Card” prior to that charge.
The cost of the program is $1,000
The first payment due is $500 and will be paid by ACH
The ACH Transaction Fee is 3% 2% ($15$10)
The Total for the First Payment is $515$510
The second payment due is $500 and will be paid by Credit Card
The Credit Card Transaction Fee is 2% 3% ($10$15)
The Total for the Second Payment is $510$515
Invoice Total Cost (after all payments): $1,025
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