What are the payment processing fees

What are the payment processing fees

Morgan AI uses Stripe to process card payments. Here's a clear breakdown of what you'll pay.

Cards and wallets

2.7% + CA$0.05 per successful charge

This applies to most Visa, Mastercard, Amex, and digital wallet payments. The fee is automatically deducted before the payout is deposited to your bank account.

Example: If you charge $100, you receive $97.25 ($100 - $2.70 - $0.05).

Tap to Pay authorisation

+ CA$0.15 per authorisation

An additional CA$0.15 applies when you accept a contactless payment with Tap to Pay on iPhone.

Interac Debit

CA$0.15 flat — 0% percentage

Interac Debit is a flat CA$0.15 per successful transaction. There is no percentage fee.

Example: If you charge $100 via Interac, you receive $99.85.

No monthly processing fees

You only pay processing fees when you actually accept a payment. No setup fees or monthly processing fees.

Morgan AI subscription fees

The Morgan AI Pro plan is $12/month, billed separately from payment processing fees. There is no transaction markup from Morgan AI. We don't take a cut of your payments.

Does the fee change with volume?

For high-volume merchants, custom rates may be available through Stripe. Contact us at hello@trymorgan.ai if you're processing more than $50,000/month and we can discuss options.

Where can I see my fees?

Every transaction in the Income tab shows the gross amount, the processing fee, and the net amount you received. You can also see a summary of fees paid in the Reports section.

Recording payments as income

Morgan AI records the gross transaction amount as income in your reports (before fees). This matches how most accountants and tax authorities treat revenue. Fees are tracked separately as a business expense.