Do I pay a fee to accept payments through Fundbox?

We offer two services, a revolving line of credit and net terms on business purchases. This article applies to the net terms service.

 

Yes. Similar to accepting credit card payments, each Fundbox payment that you accept will include an interchange fee. The interchange fee varies depending on the net terms offered—longer net terms carry a higher interchange fee rate. The interchange fee rate for net-60 terms is 2.9%. 

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