To accept online credit/debit card payments or US bank payments (ACH), 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.
See
pricing
for more detail, or
Stripe card pricing
and
Stripe US bank debits.