Payment Method Fee

Name: Payment Method Fee | GplPixel
Price: 390.00 INR
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Payment Method Fee

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Original price was: Rs1,162.00.Current price is: Rs390.00.

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Categories: Premium, PHP Scripts, Scripts & Code Tags: admin panel, checkout, fee, opencart, payment, payment method, Payment Method Fee, shopping cart

Payment Method Fee

The Payment Method Fee is a crucial aspect of eCommerce and online transactions, impacting both businesses and consumers. It refers to the charges applied by payment gateways or processors for facilitating transactions. Understanding these fees is essential for effective financial management in an online store.

Key Aspects of Payment Method Fees:

Types of Payment Method Fees
- Transaction Fees: A percentage of the transaction amount charged for each sale (e.g., 2.9% + $0.30 per transaction).
- Monthly Fees: Fixed monthly fees for using a payment gateway service, which may vary based on the plan selected.
- Setup Fees: One-time fees charged to set up the payment gateway account.
- Chargeback Fees: Fees incurred when a customer disputes a transaction and the payment processor resolves the chargeback. This can be a fixed fee or a percentage of the transaction.
- Currency Conversion Fees: Fees for processing transactions in different currencies, often applicable for international sales.
- Withdrawal Fees: Charges applied when transferring funds from the payment gateway account to the bank account.
Impact on Business Operations
- Cost Management: Businesses must factor payment method fees into their pricing strategy to ensure profitability. High transaction fees can significantly affect margins, especially for low-cost items.
- Payment Options: Offering multiple payment methods may incur different fees. Businesses should evaluate which options provide the best value for their customer base.
- Transparency with Customers: It’s essential to communicate any additional fees to customers, as hidden charges can lead to dissatisfaction and cart abandonment.
Negotiating Fees
- Businesses with high transaction volumes may negotiate lower fees with payment processors. It’s worth comparing different providers to find the most cost-effective solution.
- Some payment processors offer tiered pricing, which can be beneficial for larger businesses.
Choosing a Payment Processor
- Evaluate payment processors based on the fee structure, supported payment methods, ease of integration with the eCommerce platform, customer support, and overall reputation.
- Consider additional features such as fraud protection, reporting tools, and mobile payment capabilities.

What does it do?

If you want to encourage your clients to pay through a specific payment method, you are in the right place. You can set custom fees for any payment method you have installed on your shop.

How to install it?

- Upload the zip file by accessing Extensions > Installer section - Go to Extensions > Extensions > Order Totals (from dropdown) > Payment Method Fee and click install - After that, click edit next to our new extension and configure it - Give user group permission to access our new extension by Systems > Users > Users Group

Notes

I have not tested the extension for other than specified opencart versions, however I would be happy to help anyone integrate it in an older/newer version. Feel free to contact me!

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1. All digital products are the most recent version, with no possibility of free updates. After payment, you can request an update to the most recent version for 5 days if a new version is released. We free support within 5 days.

2. If a license is required (Excludes WHMCS license , we provide only method not license), please contact us via email or ticket for assistance with activation. Our license is only valid for activation and does not include support.

3. We provide Mobile, PHP script installation services for $19.90 / ₹1700. Please create a backup after installation as we do not support re-installation. For mobile app source code, we do not offer installation services.

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(Only For WHMCS Category Products !)

We Only provide WHMCS Module, how you can nulled any module step only !
Instant access to all plugins and all themes
Unlimited domain usage
Regular Updates as of when available. Usually, updates are released daily.
Before purchasing, please read the Terms and Conditions & Refund Policy.
If you have any questions, please first read the FAQs.
If you haven’t found the answer to your question, please contact us, and we will respond ASAP.
Please note that any digital products on the website do not contain malicious code, viruses, or advertising. We buy the original files from the developers. We do not sell any products downloaded from other sites.