Late fees
Late fees can be automatically added to a customer's account once the account balance is past due. Rev.io supports late fees as a flat rate or a percentage of the amount past due.

  1. To setup Late Fess, go to Settings > Bill Profiles. Select a Bill Profile to edit by clicking on the profile line item.
  2. Select the Late Fee tab.
  3. Complete the form below by specifying the following information.

    • Days – Designate the number of dates past the due date at which the fee should apply to the account.
    • Minimum – Designate the minimum balance threshold required to trigger the late fee.
    • Flat Fee – If using a flat fee amount, specify the amount in this field.
    • Percent Fee – If using a percent of the balance past due, specify the amount in this field.
    • Minimum Late Fee Charged – If a specific minimum fee must be charged regardless of percent, designate in this field.
    • Apply Per Line – Check this option if the fee should be applied to each line otherwise the fee will be applied at the account level.

      https://library.rev.io/download/attachments/21823778/image124.png?version=1&modificationDate=1408985740000&api=v2

Knowing that some states have specific laws pertaining to late fees, Rev.io allows for two state exemptions.


    • State – Provide the state abbreviation for exemption.
    • Days – Designate the number of dates past the due date at which the fee should apply to the account.
    • Minimum – Designate the minimum balance threshold required to trigger the late fee.
    • Fee – Use this field to specify the flat fee or percentage.
    • Type – Designate if the Fee field is a flat fee or a percentage.
    • Minimum Late Fee Charged – If a specific minimum fee must be charged regardless of percent, designate in this field.

      https://library.rev.io/download/attachments/21823778/image125.png?version=1&modificationDate=1408985760000&api=v2

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