Transaction fees are pass-through fees applied to each transaction by Dealerware's payment processor, Braintree Marketplace. Braintree's fees are as follows:
- All cards other than American Express: 2.59% + $0.49 per transaction
- American Express: 3.50% + $0.49 per transaction
Example of transaction fees:
Driver A returns their vehicle and finishes their contract on October 5th. Upon vehicle return the customer is charged $10 in fuel.
If Driver A used a credit card that is not American Express:
The dealership would be reimbursed the amount ($10) minus the transaction fee ($0.75) in the November reimbursement check.
Reimbursement amount = ($10-($10*0.0259))-$0.49
Reimbursement amount = $9.25
If Driver A used an American Express credit card:
The dealership would be reimbursed the amount ($10) minus the transaction fee ($0.84) in the November reimbursement check.
Reimbursement amount = ($10-($10*0.035))-$0.49
Reimbursement amount = $9.16