B2B Payments charges a percentage of the total transaction value plus a minimal fixed fee per transaction. The percentage and fixed fee vary from country to country but is always flat.
B2B Payments is available in the following countries (as of March 2020).
B2B Payments transaction fees depend on the country of the merchant’s business registration. We are now live in the following countries:
Transaction fees apply to all transactions made between the merchant and the buyer via B2B Payments.
QuickBooks Commerce does not charge for any additional features for B2B Payments on top of the monthly subscription plan. Only transaction fees.
The detailed transaction fees for accounts on all QuickBooks Commerce pricing plans are as follows:
United States
- All domestic Visa & MasterCard transactions: 2.9% of the transaction total + 30c
- All international Visa & MasterCard and all Amex transactions: 3.4% of the transaction total + 30c
Australia
- All domestic Visa & MasterCard transactions: 1.9% of the transaction total + 30c
- All international Visa & MasterCard and all Amex transactions: 3.3% of the transaction total + 30c
United Kingdom
- All domestic Visa & MasterCard transactions: 1.9% of the transaction total + 20p
- All international Visa & MasterCard and all Amex transactions: 3.3% of the transaction total + 20p
Singapore
- All domestic Visa & MasterCard transactions: 3.4% of the transaction total + 50c
- All international Visa & MasterCard and all Amex transactions: 3.5% of the transaction total + 50c
Canada
- All domestic Visa & MasterCard: 2.9% of the transaction total + 30c
- All international Visa & MasterCard and all Amex transactions: 3.5% of the transaction total + 30c
New Zealand
- All domestic Visa & MasterCard transactions: 3.0% of the transaction total + 30c
- All international Visa & MasterCard and all Amex transactions: 3.5% of the transaction total + 30c
FAQs
📌Does Stripe work with my bank?
A standard bank account with any domiciled financial institution is supported by Stripe.
📌Why are the fees higher for AMEX?
QuickBooks Commerce incurs a higher processing fee for American Express cardholders’ transactions, therefore the fees charged are slightly higher than other cards.
📌Does that mean countries not mentioned above do not charge transaction fees?
No, they do and we will start rolling it out to the rest of the world in phases, so stay tuned!