Legal

Wagepoint 1.0 Service Fee Schedule

WAGEPOINT SERVICES FEE SCHEDULE

Last updated: May 2, 2025 

Payroll Services Fees are due at the time Payroll Funds are required to be remitted. Additional Payroll Services Fees are due at the time of the first Payroll Funds remittance after the Additional Fee was incurred or five (5) days from the date of invoice, whichever occurs first. Except as expressly provided otherwise: (i) your payment obligations are non-cancelable, and (ii) Fees paid to us are non-refundable (except as otherwise stated in the Terms of Service Agreement). Please see here for Wagepoint 2.0 Fee schedule.

Wagepoint reserves the right to modify our fees at any time and you agree, unless otherwise notified in writing by us, to be bound by the current published version of the fees. Wagepoint will take commercially reasonable efforts to notify you of any change in fees at least 30 days in advance of the effective date. Your continued use of the Payroll Services constitutes your agreement to those changes. If a fee increase or change to this Agreement is not acceptable, you may cancel the Wagepoint Services as provided herein prior to the time when it takes effect.

Fees exclude applicable taxes and are charged in Canadian dollars.

BASE FEE

Wagepoint charge ($20 base + $2 per employee) per payroll. Companies with a single paygroup only, who process weekly or quarterly are charged $10 base and $75 base respectively.

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 

 

Description

Charge

Considerations

Insufficient Funds 

A non-sufficient funds (“NSF”) notice from the bank resulting from a direct debit for payroll, source remittances, or Fees. 

$100 for the first NSF

$150 for all future NSF charges related to the same transaction

NSF situations require an immediate wire of funds to process payroll

Rejected Deposit Account

The bank account is invalid and an attempt to deposit funds electronically results in a rejections

$20 per rejected deposit

 

Suspended Direct Deposit

Suspending direct deposit payments at the request of the customer

$25 suspension processing fees

Suspension requests are not always possible due to Automated Clearing House (“ACH”) timing

Incoming E-Transfer or Wire

Customer transfers payroll funds electronically via e-transfer or wire transfer

$25 per incoming e-transfer or wire

 

Payroll Reversal

Reversing a finalized payroll at the request of the customer

$50 reversal processing fees; additional fees of $20 if related payroll has already been submitted for bank processing

 

Correction of Historical Data

Request for correction of data for periods prior to being a Customer of Wagepoint

$10 per employee for year to date entries

 

Professional Services

Customer request for services that are considered outside the scope of the Payroll Services

$200 per hour 

 

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. 

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