Hey Eric,
Sending invoices and accepting digital payments directly into your Your Financial Institution account can save you time and effort. There's no need to worry about your money getting caught in a third party payment app holding tank until you click a 'transfer' button, and no need to wait for checks to arrive in the mail.
And now, there's a simple way to adjust your pricing to cover processing fees, ensuring you get the full payment you expect when your customer pays their invoice.
Automatically include processing fees when invoicing your customers:
Here's how to create a new product that covers your processing fees:
- Once you are inside of your online banking account, click 'Send an Invoice', and then select 'Invoicing'.
- Inside of the 'Product/Services' tab, click the 'New Product' button. The Add Product page will appear.
- Type in your new product name, then select the Category of 'Income/Sales' Finally, type in your product price into the 'Price' field.
Once you enter your product price, a message will appear that says "Want to learn how to cover fees?". Expand the message by clicking the up arrow next to the message.
- The message will display the dollar amount you will collect if you charge the current price within the 'Price' field. If you'd like to increase the product price to cover potential processing fees, click the 'Raise price to cover fees' button.