Every payment you receive electronically from a parent will have a $1.00 fee charged for using the service. You can choose if you want to pay this fee or have the parents pay the fee.
Credit Card Fees
For payments made by credit card there is an additional 2.95% variable fee, in addition to the $1.00 transaction fee. You can choose if you want to pay this credit card fee or have the parents pay it.
For example, if a parent makes a $100 credit card payment there will be a $1.00 transaction fee along with a 2.95%credit card fee. The 2.95% of the $100 payment will be $2.95. When added to the $1.00 transaction fee the total fee is $3.95 when paying with a credit card.
ACH returns and Notices of Change, which include failed payments such as Insufficient Funds, will be charged $4.00 per return to your account.
Customer Initiated returns, for example if a parent goes to their bank and cancels their payment to you, will be charged a $25.00 fee to your account.
Credit Card Chargebacks, which happens when a parent cancels their payment to you through their credit card company, will be charged a $40.00 fee to your account.