12 Mar 2015

Calculate Fees on Settlement

March 12, 2015Features

Now you can use uCollect to help you reconcile your batch settlements that come in net of commissions/fees.  If this is how your payment gateway does things you can simply tell uCollect the rates to use and we’ll automatically calculate the commissions and post this to your bank account!  You can specify a fixed rate per transaction, a percentage of the transaction value, or BOTH!  So long Stripe reconciliation nightmares!!

You’ll find the settings in the Add/Edit Payment Gateway section of the Edit Organisation screen.