Herepay provides transparent settlement processes to ensure smooth payment management for your business.
Absorbed Fees
Herepay offers an option for businesses to absorb the transaction fees.
What It Means:
- The fees associated with processing payments are deducted from your business’s account instead of being passed on to the customer.
- This ensures the customer pays the exact amount displayed during the transaction without any additional charges.
No Markup on Amount
Herepay ensures the amount received by the customer matches the amount displayed during payment.
What It Means:
- The fees associated with processing payments are deducted from your business’s account instead of being passed on to the customer.
- This ensures the customer pays the exact amount displayed during the transaction without any additional charges.
Settlement Timeline
- Once a transaction is successfully processed, the settlement (minus the absorbed fee, if applicable) is transferred to your business account.
- Settlements are typically processed within a predefined period (e.g., 1-3 business days), depending on your agreement with Herepay.