Payment gateway fees

  • Resolved njgage

    (@njgage)


    7 years ago

    Hi,

    I have set up a payment gateway in wooCommerce as I’m sure many others have. I’m using stripe and for each order I can see the amount I will receive from stripe and the amount of fee stripe will charge.

    In xero it looks like only the payment is recorded. This means the auto-reconcile function will not work and every transaction will need a manual adjustment to add the stripe fee.

    Could you confirm if this is the case and if so, are you able to record the payment but also a ‘spent money’ transaction equal to the stripe fee? Xero will then realise the net matches the amount actually received in the bank account and prompt the auto-reconcile.

    Adding the account code that we want to send the payment gateway fee to in the xeroom settings would be required as well.

    Thanks,
    Nick

Viewing 2 replies - 1 through 2 (of 2 total)
  • Plugin Author palloyd

    (@palloyd)

    Hi again Nick – I haven’t tested Xeroom with Stripe, it does work with Paypal surcharges though which is what I use. I will open a Stripe account and test it and let you know.

    Thanks
    Pete

    Plugin Author palloyd

    (@palloyd)

    Hi Nick

    I wanted to update you. Now we have released version 2 with many important features I have added your request to our “wish list” for the next big release due in the autumn.

    Thanks
    Pete

Viewing 2 replies - 1 through 2 (of 2 total)
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