How do the processing fees work?
Wrapbook charges 0.75% of all payments. This includes paying W2 employees, contractors, loan-outs, or for expense reimbursements? For instance, if you pay someone $1,000 for labor and $50 for a kit fee then the fee would be 0.75% x $1,500 = $7.5.
You only pay processing fees based on what you process. If you don’t use Wrapbook for a month, year, etc then you won’t owe any processing fees.