3/13/23: Latest article updates made to Escrow section at the end of the article.
WealthBlock now has its own Payment Method service which includes ACH, Credit Card, and Escrow services powered by Cliq. Our partnership means a seamless interface for investors and admins alike for their payment processing needs.
To enable this integration:
- Select Platform from the left menu
- Click Settings
- Choose Integrations
- Use the toggle to enable Electronic Payment / (ACH, Credit Card)
5. Click Register for a New Account and complete the application within the WB portal.
6. Pending the submission the Cliq team will send out necessary contract information. Upon completion of the contract WB will require the API keys to enable this in your platform so you can begin to use this service.
Pricing Information and Contact
For any further questions regarding pricing please reach out to Cliq.
Main Contact: agentrelations@cliq.com
Secondary: hcole@cliq.com
Merchant Fee Types | Amount |
Credit Card | |
Credit Card Percentage | 2.75% for VISA/Mastercard/Discover 2.95% for American Express |
| Authorization Fee *is per transaction fee charged at the time of authorization | $0.25 |
| Chargeback Fee *is per occurrence when a cardholder disputes charge on their statement | $35.00 |
ACH | |
| Transaction Fee *Charged each time an ACH transaction is run | $4.50 |
| ACH Percentage *Charged for the value of each ACH transaction processed | 0.02% |
| Returned Item Fee *if an item is returned by the ACH customer | $10.00 |
| Unauthorized Return *if an item is returned by the ACH customer and labeled as unauthorized ACH transaction | $35.00 |
Escrow** | |
| Opening Escrow Account | $1,000.00 |
Transaction Intake *Consolidation of transaction to ACH or Wire | $0.10 |
| Funds movement via ACH *Per transaction | $4.00 |
| Funds movement via Wire *Per transaction | $50.00 |
| Check Processing *Per check received and deposited | $10.00 |
| Exception Check Processing *Per occurrence | $25.00 |
**The pricing listed is subject to change by the vendor. For exact pricing, please consult the actual service agreement with the vendor. | |
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