Fullsteam Payments Rate Increases and Updates (2024)

Fullsteam Payments regularly updates its rates and fees for merchants. 

In an effort to keep pace with these constant changes, we created this guide to provide our readers with these updates whenever they’re announced. 

Fullsteam Payments is Increasing Processing Rates Effective April 1, 2024

As of 4/1/2024, Fullsteam Payments is increasing its rates by 0.09% + $0.09 per transaction. 

In the notice to its customers, Fullsteam says that this increase is due to its investments in product enhancements, security, functionality, and rising provider costs.

This marks the third price increase from Fullsteam in less than 11 months.

Timeline of Fullsteam Payments Rate Updates From Last Year

Last year, Fullsteam increased its rates and added new fees twice—once in May and again in October. Here’s a summary of those changes:

October 2023

Fullsteam Payments notified its customers of a 0.14% + $0.14 per transaction rate increase, effective October 1, 2023. 

They also implemented a new Partner of Processing Cost Fee of 0.02% + $0.02 on the monthly total processing volume and transaction count for all merchant ID numbers associated with RB Smart Pay accounts. 

For questions or concerns regarding these fees, Fullsteam is directing merchants to submit a support ticket or call (866) 224-7225.

May 2023

Effective May 1, 2023, Fullsteam is increased processing rates by 0.14% and $0.14 per transaction. 

Merchants using Fullsteam Payments were notified via email of this update. 

Fullsteam noted the overall increase in payment processing costs at the card network level, as well as rising costs internally to deliver integrated software and payments solutions. 

For questions regarding the change, Fullsteam is directing its clients to contact the support team via ticket support. 

About Fullsteam Payments

Founded in 2018, Fullsteam is an integrated software and payment technology with industry-specific solutions. 

The company provides software solutions for organizations across industries like association management, automotive, healthcare, B2B, field services, recreation, and self-storage. In 2019, Fullsteam acquired RB Solutions, a POS and integrated payments system for businesses in the pool and spa industry.

For more information, check out our Fullsteam review to get our insider take.