A fee is a fixed price charged for a specific service. Fees are applied in a variety of ways such as costs, charges, commissions, and penalties. Fees are most commonly found in heavily transactional services.

Before creating a Payment using Plastiq Connect, you must create a Payment Intent. A Payment Intent is useful in capturing associated fees that might be applied to a Payment. A Payment Fee manifests itself in the form of a fees object in a POST Payment Intent response containing an array of fees applicable to the prospective Payment.

There are a finite set of fees that might apply to a Payment. Currently, flat dollar fees and percentage-based fees are supported by Plastiq Connect:

  • Flat dollar fees are fixed dollar amounts assessed on top of a targetAmount
  • Percentage-based fees are assessed as a fixed percentage of the targetAmount and added to the total amount charged for the transaction

Note: targetAmount is also referred to as the principal or the payout, the amount of money the Payer has specified for payout to a Recipient.

Below you can find a list of all fee types along with a brief description and corresponding cost structures:

Fee Type

Description

Cost Structure

PLASTIQ_SERVICE_FEE

A fee for processing a card payment

*Fee can be offset by credit card rewards, early pay discounts and may be tax deductible.

Debit (Regulated): 1% of payout
Debit (Unregulated): 2.85% of payout
Credit: 2.85% of payout

PLASTIQ_US_WIRE_FEE

A fee for sending a wire Payment to a domestic Recipient (US/CA only)

$5 per transaction

PLASTIQ_INTL_WIRE_FEE

A fee for sending a USD or CAD-denominated wire payment to a Recipient in another country

$39 per transaction

PLASTIQ_CROSS_BORDER_FEE

A fee for processing a Payment where the Payment Method and Recipient are located in different countries (US/CA only)

1% of payout

EXPEDITED_BASE_FEE

A fee for expediting a payment's delivery

0.5% of payout

EXPEDITED_HANDLING_FEE

A fee for handling an expedited payment

$10 per transaction

EXPEDITED_SHIPPING_FEE

A fee for shipping an expedited check payment with FedEx

$24.99 per transaction


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