Payment Processing Fees

Payment Processing Fees:

Different payment processors have different fees and methods of handling fees.  This can have a significant impact on the net amount of funds you collect from your group members.

GroupTools will be continuously adding payment platforms in order to be as flexible as possible giving you the ability to choose which platform will work best for you. Below is the fee schedule associated for each integrated platform:

WePay
If your Group Leader is using WePay

• Credit Card Payments are 2.9% + $0.30 / Payment
• Online Bank payments are 1.0% + $0.30 / Payment
• Chargebacks are $15 per incident.
• Processing fees are added to the Attendee’s payment amount at the time the payment is made.

Stripe
If your Group Leader is using Stripe

• Credit Card Payments are 2.9% + $0.30 / Payment
• Chargebacks are $15 per incident
• There is currently no option to make a payment using ACH with Stripe.
• Processing fees are subtracted from the Attendee’s payment at the time of settlement in the Group Leader’s account.