During the enrollment process, the vendor will be asked if there are any fees or limitations for processing cards.
Fees are either % based, or flat rate.
Viewpost will enroll a vendor in Virtual Card that has a flat rate fee per payment. Your payment amount will not change.
When processing every payment for that vendor we use an algorithm to discern:
- Profitability of the payment and allows the fee to be applied.
Once processed, the payment will appear in an Overcharge status until the fee is cleared.
If a vendor changes their fees, we recalibrate the algorithm for ROI and make ongoing decisions to reroute payments. If the CBA is no longer beneficial, we will unenroll the vendor from card.