cancel
Showing results for 
Search instead for 
Did you mean: 
veronica-diloren
Level 1

I received my first payment and was charged $61.88. What is that??

 
2 Comments 2
john-pero
Community Champion

I received my first payment and was charged $61.88. What is that??

Was the payment in the vicinity of $1750 +/-? That would be the merchant service fee. You agree to it and is no different than if you independently contracted with VISA/MC/Discover although rates can vary.

LucasMicromatis
Moderator

I received my first payment and was charged $61.88. What is that??

Good morning, @veronica-diloren,

 

Thank you for the question!  @john-pero is correct.  When you process a credit card transaction, there is a processing fee associated with that transaction.  The processing rates for QuickBooks Online are posted on the Payments page; here it is for your reference:

 

QuickBooks Payments

 

I hope that helps!

 

Lucas

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up