What is customer credit card transaction fee?
Most payment gateways have transaction fees conditions for every credit/debit card transaction processed on merchant owner’s account
For example, Braintree's standard processing fee is 2.9% + $0.30 per transaction, Stripe charges a flat rate of 2.9% + 30¢ per successful charge
To reimburse credit card transaction fees imposed by payment gateways Onde allows company owners to put transaction fees on customers.
Where is customer credit card transaction fee shown?
Customers are fully aware of the additional transaction fee that will be applied if credit/debit card payment method is chosen to pay for the trip as the fee is displayed:
-when selecting a payment method on service types selection screen
-when committing to pay within a payment method screen
-on Trip summary sent to customer and booking receipt in the app as a separate transaction as part of total cost breakdown.
Transaction fee is also logged:
- in operator app trip history as part of cost breakdown
- in reports and analytics as a part of total charged from customers
How to activate customer credit card transaction fee?
To activate the transaction fee proceed with the following steps:
1. access My Hub
2.proceed to tab “Service Types”
3.select “Add service type” go to tab “Fee settings”
4.hover over to the Transaction fee configuration screen
5.specify fee value in set figure/ % or both
Transaction fee fields are only active in case:
a. valid merchant account keys are activated in My Hub tab "Merchant account"
b. credit/debits cards payment method is selected in “Payment methods” of the Service type
A fee can be % or fixed or both.
Transaction fee input format:
- for % allow two digits after comma, placeholder "0,00"
- for currency allow two digits after comma, placeholder "0,00"
How is customer credit card transaction fee calculated and charged?
If the trip cost is “Fixed” as per service type settings or estimated (with drop off provided) the system pre authorises the pre calculated trip amount PLUS transaction fee value.
For fixed cost rides transaction fee value is fixed before the trip
For estimated cost rides transaction fee value is recalculated at the end of the trip if the cost changes and the fee is set in %.
Read more on covering any additional charges associated with local policies and regulations such as VAT, tax etc in Customer additional fee post.