Last updated: November 17, 2023
Welcome to Wagepoint’s Fee Schedule! Below is a list of our fees and charges (the “Fees”) for your use of the Wagepoint Services. These Fees may be updated from time to time at our discretion. We will take commercially reasonable efforts to notify you of any change in fees at least 30 days in advance of the effective date.
This Fee Schedule is hereby incorporated by reference into the Wagepoint Services Terms of Service (available at: https://wagepoint.com/legal/terms-of-service). Capitalized terms used but not defined in this Fee Schedule have the meanings set forth in the Terms of Service Agreement.
STANDARD FEE PRICING
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Solo
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Unlimited
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Description
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1 Payroll/Month
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Unlimited Payrolls/Month
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Monthly Pricing
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$20 Base Fee + $4 per employee/contractor
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$40 Base Fee + $5 per employee/contractor
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Your monthly base fee is your subscription to the Wagepoint Services.
Your per employee/contractor fee is calculated based on the number of unique employees or contractors whose payroll is processed during the 30-day billing cycle.
The Fees set out above do not include applicable sales, use, gross receipts, value-added, excise, personal property or other taxes.
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Employees and Contractors
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Unlimited
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Unlimited
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Off-cycle Payrolls
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ⓧ 1 payroll/month limit; upgrade to the Unlimited Plan if required for more than 1 payroll/month
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✅
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Direct Deposit
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✅
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✅
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Tax Remittances
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✅
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✅
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Multiple Pay Groups
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ⓧ 1 payroll/month limit; upgrade to the Unlimited Plan if required for more than 1 payroll/month
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✅
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Year-End Reporting
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✅
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✅
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Records of Employment
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✅
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✅
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DISCOUNT FEES APPLICABLE TO ACCOUNTANT PARTNERS
Welcome Accountants! Contact us (sales@wagepoint.com) to discuss whether your Companies are eligible for Accountant Partner discounts on the Standard Fees listed above.
Remember that Accountant Partners are responsible for designating whether the Accountant or the Company is responsible for payment of the Fees. If you are participating in our Referral Program as well, you are not eligible to receive these discounts.
ADDITIONAL CHARGES
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Description
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Charge
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Considerations
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Insufficient Funds
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A non-sufficient funds (“NSF”) notice from the bank resulting from a direct debit for payroll, source remittances, or Fees.
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$100 for the first NSF
$150 for all future NSF charges related to the same transaction
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NSF situations require an immediate wire of funds to process payroll
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Rejected Deposit Account
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The bank account is invalid and an attempt to deposit funds electronically results in a rejections
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$20 per rejected deposit
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Suspended Direct Deposit
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Suspending direct deposit payments at the request of the customer
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$25 suspension processing fees
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Suspension requests are not always possible due to Automated Clearing House (“ACH”) timing
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Incoming E-Transfer or Wire
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Customer transfers payroll funds electronically via e-transfer or wire transfer
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$25 per incoming e-transfer or wire
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Payroll Reversal
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Reversing a finalized payroll at the request of the customer
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$50 reversal processing fees; additional fees of $20 if related payroll has already been submitted for bank processing
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Correction of Historical Data
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Request for correction of data for periods prior to being a Customer of Wagepoint
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$10 per employee for year to date entries
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Professional Services
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Customer request for services that are considered outside the scope of the Payroll Services
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$200 per hour
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Additional charges do not include applicable sales, use, gross receipts, value-added, excise, personal property or other taxes. Additional charges are not eligible for Accountant discounts.
