Transaction fees are fees applied to each transaction processed and settled through Dealerware, excluding declined transactions.
The current transaction fee is as follows:
- 2.9% +$0.30 per transaction, regardless of the credit card issuer.
What does the Transaction Fee cover?
- The processing of the transaction by Dealerware's payment processor, Braintree Marketplace.
- The monthly reimbursement of all transactions that are 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 $9.41 in their November reimbursement: $10.00 fuel charge - 2.9% (0.029) - $0.30.