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.
If you want to charge the transaction fee back to your client, please check with your country and/or state's laws on this first (also known as a convenience fee, service fee or surcharge).