- 27 Aug 2024
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About Fees
- Updated on 27 Aug 2024
- 2 Minutes to read
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If Type = “Payment Processing”...
You are responsible for properly configuring your payment processing fee. Do not enter the exact rate charged by your payment gateway to cover the full cost of credit card fees. Verify your calculation with your payment gateway provider first. Please review this guide to help determine the rate to pass on to your customers.
If Type = "Tax"...
You are responsible for ensuring that your tax configuration complies with your local laws and regulations. Certain regions require tax-inclusive pricing.
The Fee feature for Event checkout and Invoices allows Event Organizers to collect the credit card processing Fee separately from the total amount due and apply required taxes. The Fee will be dynamically applied based on the Payment Method selected.
Benefits
- Cost recovery: Event organizers can cover transaction costs by collecting the Fee separately, ensuring profitability while offering credit card payments.
- Dynamic application: The Fee is dynamically applied when the Attendee selects a credit card as their Payment Method. It is dynamically removed when the Attendee selects an alternate Payment Method.
- Pricing flexibility: It enables competitive base prices while adding the Fee separately, attracting Attendees and covering credit card expenses.
- Streamlined management: Separation simplifies accounting, providing a clear breakdown of revenue and fees for better financial tracking and analysis.
- Customer relationships: Transparent fee disclosure builds trust while fostering satisfaction, loyalty, and stronger customer relationships.
- Compliance and adaptability: It ensures compliance with regulations and allows our clients to adapt to market changes in fees or regulations.
Limitations
This following only applies when a credit card is the selected Payment Method.
- Not yet supported for PayLater and Virtual Terminal.
- The minimum Fee value is 0.01%.
- The Fee, if designated, applies to ALL Event Items.
- The Fee, if designated, is mandatory. There is no option for the customer to opt out.
Permission Sets
Only users with the Blackthorn | Payments (Admin) permission set can Read, Create and Edit Fee records. The following permission sets have Read Only access:
- Blackthorn | Payments (User)
- Blackthorn | Payments (Manager)
- Blackthorn | Payments (Community/Platform User)
- Blackthorn | Payments (Site Guest User)
- Blackthorn | Payments (Stripe Billing)
The Payment Processing Fee field on the Event record is editable with any Blackthorn | Events permission set except for the Read-only permission sets.
Current Blackthorn users must manually add the Payment Processing Fee field to the Event record's page layout.
Add the Payment Processing Fee to the Event Builder
The Payment Processing Fee field can be added to the Event Builder. Complete the steps below to add the Payment Processing Fee field to the Event Details section.
- Open the Event Builder.
- Select an existing Event or create a new one.
- Scroll down to the Event Details section.
- Click click here.
- Click Edit.
- Drag and drop the Payment Processing Fee field to the “In the Field Set” box.
- Click Save.
- Go back to the Event Builder and refresh the page.
You can now select an existing Payment Processing Fee or create a new one.