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e-tolbert-cle
Level 1

Could someone explain QuickBooks Payments Fees, I am being charged System recorded fees for payments and it's costly, but I don't understand what this charge means.

These are coming through as expenses, in the description they call them Discount Rate Fees, type: Daily. My best guess is that these are charges from QB for using their system to process payments without a sufficiently priced subscription. I could be wrong, could someone give me a bit more information on this expense?

1 Comment 1
NicoleAscencionS
Moderator

Could someone explain QuickBooks Payments Fees, I am being charged System recorded fees for payments and it's costly, but I don't understand what this charge means.

Yes, QuickBooks Payments charges a fee for each transaction you process through its platform, Tolbert.

 

The fees may vary based on the method used to process the payment. To learn more about this, please check out this website: Standard Payment Fees & Rates QuickBooks Payments.

 

If you have any additional questions about payment fees, don't hesitate to leave a comment below.

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