Club Billing - Credit Card / Electronic Payment Fees
If you and your club are collecting payments through Commit, there are a few processing fees to be aware of.
- Stripe's fees are 2.8% + $0.20 per transaction.
- Commit charges an additional 0.9% on all transactions.
This is means the total processing fees are 3.7% + .20 per transaction.
You can choose to absorb these fees or have your families pay them.
1. To absorb the fees, sign in at https://team.commitswimming.com/
Navigate to the Settings Menu in the left hand menu bar.
Open the TEAM SETTINGS tab
Scroll down to the bottom and make sure "Pass on processing fees" is turned off.
Example of what will happen:
You bill an account with an invoice for $100
The account owner receives an invoice for $100 exactly.
The owner pays and Stripe processes the payment, deducting the fees.
Your club will receive the remaining $96 (minus the $3.80 dollars + $0.20 = $4)
1. To pass the fees along to your swimmers/families, sign in at https://team.commitswimming.com/
Navigate to the Settings Menu in the left hand menu bar.
Open the TEAM SETTINGS tab
Scroll down to the bottom and make sure "Pass on processing fees" is turned on.
Example of what will happen:
You bill an account with an invoice for $100
The account owner receives an invoice for $100 + processing fees ($3.80 dollars + $0.20 = $4)
The owner pays and Stripe processes the payment, deducting the fees.
Your club will receive the billed amount pf $100
Updated: February 02, 2023