The default fee schedule for Clio Payments transaction fees is daily deduction for all transactions. UK customers also have the option to switch to the monthly fee schedule. With the monthly fee schedule, only chargebacks and refunds are deducted daily. Credit card, debit card, and client funds transaction fees are deducted at the end of the month.
Switch to monthly fee schedule
When switching to the monthly fee schedule, your new fee schedule will begin on the first day of the upcoming month. If you miss the enrolment cutoff, your new fee schedule will begin on the first of the next month.
- Go to Settings > Online Payments > Bank Accounts.
- Select Switch to monthly fee schedule.
- Confirm the action by clicking Switch to monthly fee schedule.
Switch to daily fee schedule
If you switched to the monthly fee schedule but want to return back to the daily fee schedule, you can make the change in your settings. When switching to the daily fee schedule, your new fee schedule will begin on the first day of the upcoming month. If you miss the enrolment cutoff, your new fee schedule will begin on the first of the next month.
- Go to Settings > Online Payments > Bank Accounts.
- Click Switch to daily fee schedule.
- Confirm the action by clicking Switch to daily fee schedule.
