How do the processing fees work?
Wrapbook charges a processing fee based on the payment you're running through our system.
Per payroll, Wrapbook charges .75% of non-union employee wages, 1.49% of union employee wages, $9.49 per loan out payment, $0.49 per contractor payment, and $0.49 per expense reimbursements.
For instance, if you run a payroll that's $1,000 for non-union employee and $500 for a kit fee then the fee would be 0.75% x $1,000 + $0.49= $7.99
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.