Setting up your costs Answer 35 of 46 Updated

What does the Transaction fees page show?

It shows what each payment method charges you to take a payment, and what that came to. Open Transaction fees in the sidebar. Their total is Transaction Costs on your P&L, your profit and loss statement. It lowers CM2, which is what you keep after the product, shipping and payment fees. At the top, a card says what a typical order pays in fees, over every order since your first, with its share of the money customers pay. Its bar splits the fees by payment method.

Below it, every payment method your customers have ever paid with has a row, all in one list, so the whole P&L is right. A method appears by itself with its first payment. A row shows its Status, the Method, its Fee, its Payments and its Fees, all time, so a method nobody has used for months still shows its rate and what it cost. A fee nobody has paid with yet sits at the end. Click a row to open it in place.

Status says what a row needs. Automatic means Shopify reports the fee on every payment, like on Shopify Payments, so there is nothing to type. Add its fee, in amber, means payments that no fee prices, and the Fee column reads No fee yet. No fee before 1 Oct and Fee ended 31 Dec turn amber when payments fall outside the dates of your fees. New fee 1 Oct means a change is planned, and Priced by Other means your Other fee prices it. Up to date needs nothing, and Not in use means a fee nobody has paid with yet.

The Fee column shows the percent plus the fixed fee, like 2,90% + €0,30. For an Automatic method it shows the range of rates Shopify charged you, like 1,90% to 2,90%. Klarna, iDEAL and the other methods Shopify Payments takes payments through by name each get a row of their own, like Klarna via Shopify Payments, with their own rates, payments and fees. The Shopify Payments row then shows the rest, its cards. You will also see a Gift card row and a Store credit row, marked Free: nouz adds them for you, because paying with a gift card or store credit costs nothing. Fees for disputes are not counted yet.

Click Add payment method to set a method's fee before its first payment, or click a method's row to change its fee. To take a method's fee away, open its row and click Delete at the bottom right. nouz first says what follows: its payments are then priced by your Other fee, or the row reads No fee yet.

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More in Setting up your costs

All 46 questions
  1. 33 Where do EPR rates come from?
  2. 34 Does nouz handle EPR registration or reporting?
  3. 35 What does the Transaction fees page show? You are reading this
  4. 36 Are payment fee rates filled in for me?
  5. 37 How do I add a payment fee rule?

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