Overview
Transaction fees are fees applied to each transaction processed and settled through Dealerware. Transaction fees do not apply to declined transactions.
Dealerware charges a 5% fee per transaction, regardless of card type.
What does the Transaction Fee cover?
- The processing of the transaction by Dealerware's payment processor, Braintree Marketplace.
- The monthly reimbursement of all transactions successfully processed through Dealerware.
- The process in which Dealerware handles customer transaction disputes (chargebacks)
Transaction Fee Example
Driver A returns their vehicle and finishes their contract on October 5th. Upon vehicle return the customer is charged $10.00 in fuel.
The dealership is reimbursed in the amount of $9.50 in their November reimbursement: $10.00 transaction - 5% transaction fee ($0.50) = $9.50.