Like any payment processing service, SynkedUP Payments charges a fee to collect payments via credit card or ACH bank transfer. Here's how the fee structure works and when to use each method.
Fee Structure
Credit card: 3.5% of the transaction (add 0.5% for Amex)
ACH bank transfer: 1% of the transaction — capped at $1,000 maximum per transaction
Deposit fee: $0.50 per deposit made to your account
ACH vs. Credit Card — Which Should You Use?
ACH is almost always the better choice for large invoices. Because the fee is capped at $1,000, any invoice over $28,500 costs less in fees via ACH than via credit card — and the savings grow significantly from there.
A few examples:
$5,000 invoice — ACH fee: $50 | Credit card fee: $175
$15,000 invoice — ACH fee: $150 | Credit card fee: $525
$43,000 invoice — ACH fee: $430 | Credit card fee: $1,505
$100,000 invoice — ACH fee: $1,000 (capped) | Credit card fee: $3,500
Credit card is more convenient for smaller invoices or customers who prefer it — the tradeoff is the higher percentage fee.
Important Notes
The ACH $1,000 cap means you will never pay more than $1,000 in fees on a single ACH transaction, regardless of the invoice size.
ACH transfers typically take 2–4 business days to settle. See SynkedUP Payments Time to Get Paid for more detail on settlement timelines.
Fees are disclosed during the SynkedUP Payments merchant application process.
Have questions about SynkedUP Payments? Check out the SynkedUP Payments FAQ or reach out in the chat.