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Bill Pay fees

Overview

Ramp consolidates fees for same-day ACH, Swift USD, and domestic wire payments into a monthly billing statement. Instead of paying these fees on a per-bill basis at the time of each transaction, all applicable fees will be collected and presented in a single monthly statement, making it easier for you to track and reconcile bill-pay-related fees.

For every same-day ACH payment, a $10 fee will apply, for international wire (SWIFT USD) payments, a $20 fee will apply, and for domestic wire payments, a $15 fee will apply. These fees will be summarized and presented at the end of each monthly billing period in a clear, itemized statement. Learn more about bill pay payment methods here.

Save on Fees with Ramp Business Account

Avoid bill pay fees by using Ramp Business Account to pay bills. It offers unlimited, free same-day ACH payments so your vendors receive funds the same day you send them. Plus, you can send free domestic and international wires, helping you keep more of your cash working for your business.
To pay with your Ramp Business Account, simply select "Business Account" under "Pay from account" within each bill. If you haven’t set up a Ramp Business Account yet, you can sign up here or read more here.

How bill pay fees are tracked and managed

Step 1: Selecting bills to be paid via same-day ACH, international wire (SWIFT USD), or domestic wire

When scheduling your bill, you will select your desired payment method. If same-day ACH,  international wire for USD payments, or domestic wire is selected, the associated fees for those methods will be displayed and a tooltip will show that the fees will be added to the Ramp billing statement.

The bill fees will not be debited from your account with the scheduled bill payment nor will they be synced over to your accounting provider with the bill. Bill payment fees will be added separately in a consolidated billing statement payment, and customers are responsible for accounting for those fees each month.

Same-day ACH payment selected International Wire (SWIFT USD) payment selected

 

Step 2: Reviewing accrued fees in Ramp billing statement

Once the payment for the associated bill is complete and the bill is paid, Ramp will add any of the associated fees to the current Ramp billing statement period. To view Ramp bill fees history, follow the steps below.

  1. Click the three-dots more menu
  2. Select Bill fees history
  3. Review accrued fees for the current statement period

 

Step 3: Ramp billing statement payment

At the end of each statement period, Ramp will generate a billing statement summarizing all fees accrued during the billing period. This statement will include a breakdown by the type of payment, the number of transactions, and the total fee amount. Billing statement and associated payment can be viewed from the Bill fee history section.

If you are on the Ramp Plus plan, Bill Pay fees will be automatically added to your Ramp Plus subscription billing statement.

Bill Pay fees billing bank account

For customers not using Ramp Plus, Ramp will automatically set your billing bank account for Bill Pay fees as your associated credit card statement account once your first Bill Pay fee is incurred. If you have a multi-entity set up on Ramp, fees will be set to charge from the credit card statement account linked to the entity listed on the bill associated with the fee.

However, Admins can change the Billing bank account independently from card statement accounts at any time by going to the Bill fees menu. 

Ramp Plus customers

Payment for the Bill Pay fees will be charged from your Ramp Plus billing account. If you have a multi-entity set up on Ramp, fees will be charged from the Plus billing account linked to the entity listed on the bill associated with the fee.

 

How payments will appear in bank entry

Bill pay service charges will be listed on your Ramp Services statement. These debits will show up as a bank entry as one of the following:

  • RAMP SUB
  • RAMP SUBSCRIPTION BILL
  • RAMP FEES
  • RAMP BILLING FEES

You'll be able to find your Ramp Services statement by navigating to Company > Statements & payments > Statements tab

Frequently Asked Questions

  1. When will the bill fees appear in my billing statement
    • Ramp will only add the bill fees to the billing statement once the associated bill payment is complete
  2. When will Ramp debit my account for bill fees?
    • Ramp will debit your account at the end of the statement period for the sum of all fees accrued during that period. If you are a Ramp Plus customer, any Plus associated charges will be included in the statement payment
  3. Can I opt out of the consolidated billing statement?
    • Not at this time
  4. I am an existing customer; do I need to turn this on?
    • No - we will automatically enroll you in the new monthly billing cadence upon your first bill fee being generated
  5. Which bill is this bill fee charge for? What does this Payment ID refer to? 
    • You can find the respective bill by searching for the Payment ID in Bill Pay search
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