Question

Using payment terms to add amount to invoice for credit card payments

  • 17 September 2021
  • 1 reply
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Using payment terms to add amount to invoice for credit card payment. We want to add a 3.5% on some invoices, thinking payment term is the way to go since it is based on the amount of the invoice and we don't want to manually calculate this fee.  We want to add a 3.5% on some invoices, thinking payment term is the way to go since it is based on the amount of the invoice and we don't want to manually calculate this fee. 

Therefore we have a payment fee for credit card payment that will add 3.5% to the invoice amount and that amount would go to an account for credit card processing revenue.

Will this work ? and if so, Is there special setup steps to make this work?

 

 


1 reply

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Basically this is to allow our customer to pay with a credit card and for us to recoup the fees charged by the credit card companies.

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