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What are the Credit Card Processing Fees Associated with Online Payments?

What are the Credit Card Processing Fees Associated with Online Payments?

Learn more about transaction fees for online payments.

Christina Farrow avatar
Written by Christina Farrow
Updated over 3 weeks ago

Accepting online payments with Aisle Planner is quick and convenient, providing your clients with flexible payment options. By enabling credit card or ACH bank transfer/EFT payments, you’ll benefit from a seamlessly integrated platform with competitive processing fees.

For customers who bank in the US and Canada, we offer payment processing through Wedpay, Powered by Fullsteam. You will find information on transaction rates below.

Credit/Debit Card Processing Fees For US & Canadian Customers through Wedpay

3.2% Flat Rate Credit Card processing fee

$25 ($32.50 CAD) dispute fee per chargeback

There are no foreign conversion fees.

Through WedPay, powered by Fullsteam, we offer a 3.2% Flat Rate Processing Fee for all credit card transactions processed through Aisle Planner. No additional per-card transactions. No hidden fees. A simple, streamlined processing rate ensuring you have complete control over your revenue.

Please Note: If a merchant is onboarded to WedPay and does not process a credit card transaction over a 6-month consecutive period of time, a $25 ($25 CAD) non-processing fee will be assessed per month until such time a transaction is posted.

ACH Bank Transfer Processing Fees for US Customers through Wedpay

1% per transaction

$25 fee for each failed ACH payment

Electronic Funds Transfer (EFT) Processing Fees for Canadian Customers through Wedpay

1% EFT processing fee

$32.50 CAD for failed EFT transactions

There are no foreign conversion fees.

How are Credit Card Processing Fees Deducted From My Account?

Wedpay automatically deducts their credit/debit card processing fee from the total amount paid, and the remainder is deposited into your bank account.

Can the Online Payment Fees Be Charged to my Client?

There are a couple of different options that can help offset the cost of accepting online payments.

  • You can set and enable Platform Fees on your invoices for any clients paying by credit card or ACH/EFT. This option is currently available for merchants in the US and Canada who are using Wedpay and can be done via the Invoice Templates page in your business settings. Learn more here!

  • You can factor in merchant service/processing fees into your service price, and then offer a discount for anyone paying by check or cash.*

*It’s also worth noting that the law may vary by state in regards to charging fees on business transactions. For example, in many US states, it is against the law for a company to up-charge or charge a surcharge, convenience, or processing fee for a customer who pays with a credit card or ACH, so we recommend doing some quick research to see what’s acceptable by law in your area.

Please note: To apply for an online payment account, account holders must have a verifiable US or Canadian business bank account, business address, and tax ID. Additional information to verify your identity, such as your driver's license/passport, may be requested.

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