ExpressPay is covered by your monthly subscription cost, though there is a transactional fee of 2.75%. This fee is the industry standard for merchant processing and actually covers the credit card processing fees associated with your clients’ appointment payments. You receive the full cost of your service and any tip, minus the 2.75% fee. All ExpressPay transactions can be viewed on your Revenue tab. For example, here's how this would look for a generic day in a barber shop:
- Appointment #1 - Bald Fade, $20
- Appointment #2 - Light Fade, $18
- Appointment #3 - Beard Trim, $22
The total for this day would be $60 ($20 + $18 + $22), but each appointment will have a $2.75% fee to be paid. $60 x 2.75% = $58.35, so the barber in this professional could expect a deposit of $58.35 to arrive within the next 1-2 business days.