All Builderfly-supported payment methods rely on third-party providers to process your payments. These providers might charge extra fees, as well as enforce rules about what products you can sell using their service.
Check out more,
- How you get paid
- How often you get paid
- How much you get paid
- How a credit card payment gets processed
How you get paid
When you set up a payment provider to accept credit card payments, each payment must be processed, so there is usually a delay between when the customer pays for their order and when you receive the payment. After the payment is processed, the purchase amount will be transferred to your merchant account.
How often you get paid
If you are using Builderfly Payments, then you can check your pay period to see when you’ll receive payouts from credit card orders. Other payment providers have their own rules on when you receive payouts for credit card orders.
How much you get paid
You can be charged a few transaction fees for online transactions. For credit card transactions, the issuer, the acquirer, and the credit card company all charge a small fee for using their services.
How a credit card payment gets processed
When a customer pays you for their online order using a credit card, the payment has to be processed before the funds are added to your merchant account. This process has the following
stages:
- Authorization
- Capture
- Clearing
- Funding
