One of the nice things about having an Account Manager at GoDaddy is that he can help pull reports for me that would take longer for me to pull. At the beginning of the year, I ask my Account Manager to send me a report of all renewals I paid the previous year so I can accurately track this cost on my expense report. One report that isn’t available for me to download on my own is the $.90 ACH fee report.
GoDaddy has a policy of charging customers $.90 for every outgoing ACH payment it sends. Regardless of whether a sale is for $150,000 or a monthly LTO payment is for just $80, GoDaddy charges $.90 per ACH it sends customers. If a customer has multiple payouts going out on the same day, as in the case of LTO deals, GoDaddy will typically batch the payments together and charge only one $.90 fee. I am not certain if GoDaddy will batch 2 LTO deals and a BIN deal in the same payment if they are due on the same day, but it’s possible that happens, too.
As far as I can see, GoDaddy doesn’t even report this fee to customers. You can look at the image above and see the payout amount on top and the amount deposited into my bank account – it differs by $.90.
