Freshbooks WePay

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The shorter the transfer duration, the quicker you get your funds. You can select from daily, weekly, or monthly. Use these listed below steps to change the frequency: Log into your We Pay account here Click on Settings Click on the Settlement Particulars sub-tab Click the Modification button next to Transfer Period Choose your new Transfer Period and click Send to finish.

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Just one bank account can be included a We Pay account (and it need to remain in the exact same currency as your account type– USD or CAD). To upgrade your savings account, utilize these actions: Log into your We Pay account here Click on Settings Click the Settlement Details sub-tab Click on the Change button beside Bank & Account Update with your new bank information and click Include Bank to complete.

Click the Download CSV button in either of these Reports to download them: Payments Report– This reveals all deals that gets in or exits your We Pay account (payments, refunds, credits). This likewise includes all deal costs if you wish to see the total fees processed in any given duration.

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These settlements also include info on when the total settlement amount was sent to your bank. Where can I change between my organisations inside my We Pay account? Like our several services, your We Pay account can have numerous accounts under the same e-mail. You can change between any of them by clicking the account in the leading right corner of your We Pay account:.

Fresh Books Payments is powered by We Spend for US and Canadian users. A We Pay account is immediately produced for you whenever you create a Fresh Books account. You can continue with the rest of the established of your We Pay account with the details below: Confirm your Fresh Books Payments Account Business Types Account Verification Additional Verification If you have not currently, get begun by making it possible for Fresh Books Payments with the actions here .

You can find steps to handle it here . Company– Choose this if you’ve filed main federal government documents, such as posts of incorporation. Government – If you represent a governmental entity, choose this. Person– Select this if none of the other alternatives use. Nonprofit Organization – Select this if you’ve submitted official federal government paperwork, like your status as a Registered Charity.

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Trust – Select this if you are a settlor, trustee, beneficiary or controller of a trust contract. The KYC (Know Your Customer) type is the process through which We Pay confirms your account with the listed below: Details about your business SSN (Social Security Number for US users) or, SIN (Social Insurance Coverage Number for Canadian users) EIN (Worker Recognition Number) for tax reporting on behalf of a corporation or organization (needed for Business, Nonprofit Organization and Sole Proprietor accounts) US or Canadian bank account details This is helped with by We Pay’s comply with anti-money laundering laws .

This a required action in order to receive your payments. After you have actually gotten a payment, you have 90 days to verify your account through the KYC procedure. If you don’t verify your account in time, any payment that you’ve received will be refunded to your client and any further payments will not go through till confirmation is done.

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Periodically We Pay may request extra documentation to verify your service by email at any time throughout your use of Fresh Books Payments. Like with Account Verification (KYC), this is done to guarantee each deal is safe and secure. When you have actually reacted to We Pay’s e-mail with the asked for paperwork, it can take some time for the confirmation procedure to be completed.

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When processing online payments through Fresh Books Payments powered by We Pay, there is a deal charge consisted of. Pricing is really simple – it’s 2.9% + $0.30 on all credit card deals, with the exception of American Express, which is 3.5% + $0.30. Payments made with Bank Transfers (ACH) are 1%.

There are no regular monthly or setup fees – you only get charged when you make sales. The listed below transaction costs are for American Fresh Books users: Payment Type Deal Fee Bank Transfer (ACH) 1% (capped at $50 for Select users) The below deal fees are for both American and Canadian Fresh Books users: Payment Card Types * Deal Cost International Transaction Cost ** Advanced Payments Fee *** Visa Credit, Debit Cards and Prepaid Cards 2.9% + $0.30 2.9% + $0.30 + 1% 3.5% + $0.30 Discover Credit and Prepaid Debit Cards 2.9% + $0.30 2.9% + $0.30 + 1% 3.5% + $0.30 Master Card Credit, Debit and Prepaid Cards 2.9% + $0.30 2.9% + $0.30 + 1% 3.5% + $0.30 American Express Credit and Prepaid Debit Cards 3.5% + $0.30 3.5% + $0.30 + 1% 3.5% + $0.30 * These are the most common locally released card types and processing approaches.

** International deal is defined as any payment made with a card that was provided in a different country than your own. *** These fees are applied when using the Advanced Payments add-on with card not present deals. Chargeback Charge$ 15.00 All deal fees are automatically logged as Expenditures in your Fresh Books account.

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