Online payments require Stripe
ProgramChamp does not process credit cards or bank debits on your behalf. To accept online credit/debit card payments or US bank payments (ACH), you connect a Stripe account (Stripe Connect). Funds settle to your connected account; Stripe bills processing fees there, not on your ProgramChamp subscription.
Credit/debit cards
- Rate
- 2.9% + $0.30
- Method
- Credit/debit cards
- Per
- Successful charge
ACH Direct Debit
- Rate
- 0.8%
- Method
- ACH Direct Debit
- Cap
- $5.00
Example fees for the same charge amount
If a family pays the same amount, Stripe’s approximate processing fee and what you receive after the fee:
Example Stripe processing fees for credit/debit cards versus ACH Direct Debit at the same charge amounts
|
Charge amount
|
Credit/debit cards
|
ACH Direct Debit
|
|
Family pays
|
Stripe fee
|
You receive
|
Stripe fee
|
You receive
|
|
$100.00
|
$3.20
|
$96.80
|
$0.80
|
$99.20
|
|
$500.00
|
$14.80
|
$485.20
|
$4.00
|
$496.00
|
|
$1,000.00
|
$29.30
|
$970.70
|
$5.00
($5.00 cap)
|
$995.00
|
Approximate fees per successful payment using 2.9% + $0.30 for cards and
0.8% for ACH Direct Debit ($5.00 cap per transaction).
Actual Stripe invoices may vary slightly. ProgramChamp does not add processing fees on top of Stripe.
Credit/debit cards are typically 2.9% + $0.30 per successful charge.
ACH Direct Debit is 0.8% per successful payment with a $5.00 cap per transaction.
Bank payments take a few business days to clear.
Optional ACH tuition incentives let you offer a percent or fixed discount at checkout when families pay by US bank account (configure in Payment settings; card payments keep the standard amount).
You can still record cash, check, Zelle, and Venmo in ProgramChamp without Stripe.