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 Service Fee Instabill.com has a very competitive fee structure. That is why we consider our fee an advantage, not a liability. Instabill.com service fee is never more than 10.0% of the retail amount charged during any billing period.
Note: Transaction fees and other charges are dependent on the type and duration of the customers' business, its credit history and past transaction processing records along with the ranking of the business' credit. To get an instant price quote describing all our transaction charges, all you have to do is click here. Processing & Payment PeriodsInstabill provides merchant accounts to ecommerce and MOTO (mail order telephone order) businesses with the following payment cycles: daily, 3 days in arrears (behind), weekly, 1 week in arrears, and weekly 2 weeks in arrears. The bank where your merchant account is opened sets the payment schedule. All payments are made by wire transfer to the bank account of your choice. Reserve FundAs is customary in the credit card transaction processing industry, Instabill.com will withhold 10% of credit card payment check of each billing period and place it into a private reserve fund. Six months following the date of each check, the 10% reserve fund is paid out to you. The reserve fund is used to protect payment processors like Instabill.com from detrimental losses that may occur from chargebacks or refund requests when customers do not receive their item, service or access to a web site, and then demand their money back. |
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