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Transaction Fees Explained: Charges and Refunds

Updated over a year ago

Charge

Charges are split equally.

Scenario

Tim pays by card for his facial. The practice has split the per-transaction fee with the client evenly so each party pays 2.5%.

Patient or Client Pays:

List Price

Patient Fee

Amount Processed or Financed

$79

$1.97
(2.50% of the list price)

$80.97
(list price + the fee + sales tax (if applicable))

Practice Receives:

List Price

Practice Fee

Shown in the shop Summary Report.

Currently we are NOT collecting the .30 cents.

Amount Disbursed to the Practice

$79

$1.97
(2.49%+0.30 of the list price)

$77.03
(list price - the practice fee)

Scenario

Jennifer pays by Affirm for her silver membership. The practice has split the per-transaction fee with the client evenly so each party pays 2.5%.

Patient or Client Pays:

List Price

Patient Fee

Amount Processed or Financed

$100

$2.50
(2.5% of the list price)

$102.50
(list price + the fee + sales tax (if applicable))

Practice Receives:

List Price

Practice Fee

Shown in the shop Summary Report.

Currently we are NOT collecting the .30 cents.

Amount Disbursed to the Practice

$100

$4.39
(3.99%+0.30 of the total amount financed Column E)

$95.60
(list price - the practice fee)

Refund

Card Full Refund

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