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Deep Dive: Processing fees when using Expensify invoicing

Christina Dobryzynski
Christina Dobryzynski Expensify Success Coach - Admin, Expensify Team, Expensify Student Ambassador Posts: 259 Expensify Team
edited May 10 in Deep Dive Docs

It's important that receiving payment for an Expensify invoice is as quick and easy as creating and sending an invoice.

Expensify provides a number of methods for your customer to pay their invoices including:

  • Credit card/debit card (a payment option for US and international payers) Includes Fees
  • US bank account ACH payments (US payers Only) No fees (this requires connecting a verified business bank account)
  • Check No fees (checks are only available when sending a bill)

The invoice sender will be responsible for the transaction processing fees.

Breakdown of transaction fees:

  • Credit Card payment - 2.9% fee

These fees will be deducted from the business bank account connected to the Expensify account of the invoice sender/payee.

Adding a Default Mark Up to your invoices

If you want to add a percentage based mark up to cover out-of-pocket fees, we recommend adjusting the Default Mark Up percentage on the invoice settings page in the web app:

  • Group Policy: Settings > Policies > Group > [Select Policy] > Invoicing
  • Individual policy: Settings > Policies > Individual > [Select Policy] > Invoicing

The default mark up fee will be applied to every submitted invoice. You always have the option to override this default mark up on a specific invoice.



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