We would really like a feature to record the credit card transaction fee into the incoming payment that is created automatically by iPayment. This would then record the fee against the bank charges expense GL account and allow for account reconciliations from the credit card gateway company.
You would need to add a settings location per gateway provider to capture the transaction fee charge/percentage of transaction. If it is a percentage, the amount would be calculated by iPayment and then written back to the bank charge field as shown in the below screenshot.
E.g., eWAY charges 1.9% + 20c
Transaction comes to $50, thus the transaction fee written to the bank charge field would be $1.15.
Please sign in to leave a comment.