What are the transaction fees for FreshBooks Payments? (US & Canadian Businesses)
When processing online payments through FreshBooks Payments powered by WePay, there is a transaction fee included. Pricing is very simple - it's 2.9% + $0.30 on all credit card transactions, with the exception of American Express, which is 3.5% + $0.30. Payments made with Bank Transfers (ACH) are 1%. The transaction fee is taken out of each payment that is processed before being deposited into your account.
There are no monthly or setup fees - you only get charged when you make sales.
The below transaction fees are for American FreshBooks users:
| Payment Type | Transaction Fee |
| Bank Transfer (ACH) | 1% (capped at $50 for Select users) |
The below transaction fees are for both American and Canadian FreshBooks users:
| Payment Card Types* | Transaction Fee | International Transaction Fee** | Advanced Payments Fee*** |
| Visa Credit, Debit Cards and Prepaid Cards | 2.9% + $0.30 | 2.9% + $0.30 + 1% | 3.5% + $0.30 |
| Discover Credit and Prepaid Debit Cards | 2.9% + $0.30 | 2.9% + $0.30 + 1% | 3.5% + $0.30 |
| MasterCard Credit, Debit and Prepaid Cards | 2.9% + $0.30 | 2.9% + $0.30 + 1% | 3.5% + $0.30 |
| American Express Credit and Prepaid Debit Cards | 3.5% + $0.30 | 3.5% + $0.30 + 1% | 3.5% + $0.30 |
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* These are the most common domestically issued card types and processing methods. ** International transaction is defined as any payment made with a card that was issued in a different country than your own. *** These fees are applied when using the Advanced Payments add-on with card not present transactions. |
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Chargeback Fee |
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All transaction fees are automatically logged as Expenses in your FreshBooks account. You can also log into your WePay dashboard to see the fees deducted from your transactions.