When you set up your Stripe account, your customers can create mandates, and process online payments with the tuition management and admissions module.
You determine the chargeback rates to apply to your customer's online transactions.
These fees will be applied to each invoice raised, set it as a flat fee or add a percentage to make it dynamic. If you wish add an amount as a fee cap.
Stripe will charge your organisation a nominal processing depending on the payment type and country/region.
MySchool will also charge the organisation a nominal administration processing fee of 0.1% per transaction. Whilst onboarding the module, your CSM will discuss these with your finance team.
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