Overview
This article explains the fees that apply when using Payments in Collect.
CreditorWatch member: The business using Collect to issue invoices.
Debtor: The client paying the invoice.
Transaction: The total of all invoices the debtor pays in one payment.
| Stripe | Worldpay |
Collect Platform Fee | AUD $0.75 | AUD $0.75 |
Cards & Wallets: Local | 1.70% + AUD $0.30 | 1.60% + AUD $0.30 (Visa/Mastercard) |
Cards & Wallets: International | 3.50% + AUD $0.30 | 2.7% + AUD $0.30 (Visa/Mastercard) |
Bank Transfers | 1% + AUD $0.30 | 0.5% + AUD $0.30 |
Collect Platform Fee Paid By | CreditorWatch member | CreditorWatch member |
Payment Provider Fees Paid By | CreditorWatch member or Debtor (coming soon) | CreditorWatch member or Debtor |
Percentages are calculated on the total transaction amount.
For example:
If the debtor pays one invoice worth $100, the fee is $1.70.
If the debtor pays five invoices totalling $1,000, the fee is $17.00.