Does any of you know what are the current interchange fees major credit cards charge every time a customer pays with a credit card through QuickBooks Online Payment?

EdithC · ‎September 27, 2021

I know QBO charge .10 plus a .15% per transaction but I would like to be able to have all the numbers involved in the calculation of fees. When I called QBO the lady told me that what I need were the interchange fees. I will greatly appreciate your help. Thank you

AlcaeusF · ‎September 27, 2021

Hi @EdithC,

Welcome to the Community. I can share some information that will help you understand more about the fees for QuickBooks Payments.

The amount you'll pay usually varies, and it depends on how you process the transaction. The transaction fees will depend on whether you process the card through swipe (2.4%), invoice (2.9%), or key (3.4%), plus a flat $0.25 fee per transaction.

There will be no fees for the customers when they pay. This article can provide a much more clearer view regarding the charges: Standard Payment Fees & Rates.

You can also check the article about the deposit times if you're expecting payment: Find out when QuickBooks Payments deposits customer payments.

Drop me a comment if you have more questions about your QuickBooks Payments account or fees. Comment the details below and the Community and I will be sure to back to you.

View solution in original post

AlcaeusF · ‎September 27, 2021

Hi @EdithC,

Welcome to the Community. I can share some information that will help you understand more about the fees for QuickBooks Payments.

The amount you'll pay usually varies, and it depends on how you process the transaction. The transaction fees will depend on whether you process the card through swipe (2.4%), invoice (2.9%), or key (3.4%), plus a flat $0.25 fee per transaction.

There will be no fees for the customers when they pay. This article can provide a much more clearer view regarding the charges: Standard Payment Fees & Rates.

You can also check the article about the deposit times if you're expecting payment: Find out when QuickBooks Payments deposits customer payments.

Drop me a comment if you have more questions about your QuickBooks Payments account or fees. Comment the details below and the Community and I will be sure to back to you.

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Does any of you know what are the current interchange fees major credit cards charge every time a customer pays with a credit card through QuickBooks Online Payment?

Does any of you know what are the current interchange fees major credit cards charge every time a customer pays with a credit card through QuickBooks Online Payment?

Does any of you know what are the current interchange fees major credit cards charge every time a customer pays with a credit card through QuickBooks Online Payment?

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