How are advance fees calculated and applied to the loan balance? Are there any additional fees?
Fees in advance are calculated weekly and applied to your loan balance at the end of each calendar month. Your regular weekly loan payments pay off the principal balance, meaning you do not need to pay any fees manually. The monthly fee is an accounting entry recorded at the end of each calendar month to reflect the cost of funding /advance fee component of your loan repayments for that month, and it's not an additional cost to you. This advance fee component raised at the end of each month is already included in the weekly loan payments received, i.e., not an additional cost to you.
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What is the difference between Available Balance and Current Balance?
The available balance is the withdrawable amount left in your wallet, and the current balance includes all the pending/processing balances.
What are the credit card transaction fees for payroll?
Online Check Writer is very affordable and charges only 2.95% of the payroll transaction and a $0.20 if the processing method is ACH and $10 for Wire. The receiver doesn't need to pay any fees.
How much does it cost?
The only fee you have to pay is a small percentage of your repayment, which is already included in your weekly payments. There are no additional fees.
When making a transaction, will the transaction be indicated as a regular purchase or a cash advance on the credit card statement?
When making a transaction, the credit card statement reflects a regular purchase.
How to do transactions quickly using Online Check Writer?
Online Check Writer enhances customer experience by offering diverse payment methods for quick and smooth transactions. The platform provides ACH, Pay by Credit Card, Payroll by Credit Card, Wire Transfer, Wallet to Wallet Transfer, QR Code Payment, ...