How are fees calculated in the Pay As You Go plan?
There are two(2) fee types charged in the Pay-as-You-Go plan, transaction fee and large volume storage fee.
TRANSACTION FEEWe only get paid when you do! Once you have billed client, whether via our payment gateway, direct-deposit, e-transfer etc. you will be charged 5% of the fee charged to client. By selecting this plan, you have opted-in to use our invoicing tool which will allow us to track billing details.
LARGE VOLUME STORAGE FEEPay $0 monthly if you have less than 30 unbilled records in your queue.
Once you have over 30 records or 1 batch in the platform that were unbilled, a fee of $39 will be charged and due monthly for each batch of 30 records up to a maximum of 150 records. For large volume accounts of 150 or more records, fees will be reduced to 30% or $19.30 for excess records.
For unbilled records being stored in excess of 6 months, fees will be reduced to $9 per batch of 30 records or part thereof.
Invoices are generated on the 1st of the month and due within 5 days of generation date.
29 unbilled records (0 batches of 30)= $0/month
60 unbilled records (2 batches of 30)= $39 x 2 =$78/month first 6 months, then $18 monthly
89 unbilled records (2 batches of 30)= $39 x 2 =$78/month first 6 months, then $18 monthly
119 unbilled records (3 batches of 30)= $39 x 3 =$117/month first 6 months, then $27 monthly
359 unbilled records (11 batches of 30, discounted 50% over 150 records) = $39 x 5 +$19.50x6 =$312/month first 6 months, then $99 monthly
Once you have generated an invoice for client they will no longer be counted as part of the batch of unbilled records.