What sort of fees are associated with credit card processing?
There is a nominal fee associated with Credit Card payment processing. It is
2.9% of the overall transaction amount plus $ 0.30. For example, processing a
registration that cost $50 would breakdown as follows:
Registration Amount: $50.00
Credit Card Processing Fee: $1.75
RecDesk makes no money off credit card transaction fees. These are simply pass
through fees that our payment provider charges us on a per transaction basis.
We make our money by offering you the most customer focused, cost effective
solution for managing your organization.
You can opt to absorb these costs or pass them on to your members. Laws
regarding assessment of a processing fee based on method of payment vary from
state to state. With online/internet registrations it is generally OK to
pass on this fee whereas with walk-in or mail-in registrations it is not.
Consult with your town's attorney to see what laws apply to your locality.