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Shorewood to start applying InvoiceCloud convenience fee for online payments on Feb. 15
Summary
Staff told the committee InvoiceCloud will handle credit-card processing and apply a 3.5% convenience fee (parking had a temporary 3% fee during a system transition); InvoiceCloud receives the convenience-fee revenue and handles the merchant fees, while the village receives posted fee-inclusive amounts.
Staff updated the committee on implementation of Policy 50 (credit-card policy) and said the village will move to InvoiceCloud’s payment structure on Feb. 15. Under the arrangement InvoiceCloud will charge a 3.5% convenience fee on non-parking payments and will be responsible for credit-card…
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