Created with Sketch.Learn about PPP and Loan Forgiveness, stay informed with the latest changes.
Created with Sketch.Questions about how to close your books for 2020? Visit our Year End Resources page.
Created with Sketch.New to QuickBooks or using a new product? Visit our Get Started resource page to help you get going.
Created with Sketch.Need to make changes to your account? Visit the Account Manager Portal.
cancel
Showing results for 
Search instead for 
Did you mean: 
Level 1

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

 
2 Comments
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.

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