I had the same thing just recently, though a much smaller amount. Everything I saw in the literature said it was 1% with a $10 cap when I signed up in September of 2024. I saw some rep in one of these forums say it's gone up to a $15 cap, but now when you go through the plans and pricing page on the website it just says 1% fee and a cap is not mentioned. It does say once you do $2,500 in transactions then you get a "discount". After speaking to a service rep - they said you're charged the full 1% until you've done 10k in payments and 3 months then YOU have to initiate some sort of internal review of your account so they can verify you've met their minimum and are in good standing (no payment disputes) and then they'll give you "the best rate possible". So in reality you have no clue what the cap may be or if you'll ever get it. Even if this information is listed in some 50 page terms and conditions statement there is no "*see terms and conditions" mentioned with that fee so you have no idea how much of hassle it is. It's completely misleading and exceptionally poor practice.