thread Deposit Fee's? in Payments Troubleshooting

Deposit Fee's?

BFrisbie — Sun, 21 Sep 2025 06:30:18 GMT

Hello!

If I collect a deposit via C.C online, will I be charged a fee twice upon collecting the invoice balance with same online C.C payment?

Re: Deposit Fee's?

Donnie-M — Mon, 28 Mar 2022 16:42:25 GMT

@BFrisbie The deposit and then the actual payment would be 2 separate transactions. Unfortunately, this would be like 2 card swipes. The % fee is the same and doesn't cost you anymore, but I think you pay .30c on each one of them. I think this is well worth the ability to collect a credit card deposit on a transaction.

Re: Deposit Fee's?

londontea — Mon, 28 Mar 2022 16:47:48 GMT

Hi @BFrisbie! This is a "no, but" question and I hope I can offer some clarification!

No, you will not be charged a fee on the invoice total when the balance is collected. However, you will be charged a fee on this invoice twice, but only on the amount collected when the deposit is paid and when the balance is paid.

For example, if the invoice is for $1000 and you're collecting a deposit of $100 up front then the fee will be $3.20 ($100 x 0.029 + $0.30*) for the deposit payment, while a second fee of $26.40 ($900 x 0.029 + $0.30) will be applied when the balance is paid.

You would save about $0.30 (because it's a fixed fee for each transaction) if the invoice was paid in a single transaction, but for most businesses that's not enough to outweigh the convenience of collecting a deposit.

*The fee for invoices is 2.9% + $0.30.

Re: Deposit Fee's?

BFrisbie — Mon, 28 Mar 2022 18:50:09 GMT

Hey! Thank you kindly for the insight!