Payments & Banking

Payment Processing Fee

The charge a payment processor takes to handle a transaction, often a percentage plus a fixed amount.

A processing fee is what it costs to accept an electronic payment. Card payments typically cost around 2.9% + $0.30 per transaction, while ACH bank transfers cost far less. On platforms like Dueflow the fee is shown up front and paid by the member, so the chapter receives the full amount it asks for and pays no platform fee.

Related terms

ACH (Automated Clearing House)

A US bank-to-bank electronic transfer network, used for low-cost direct payments from a member's checking account.

Payment Processor

A company that handles electronic payments between a payer and the recipient's bank account.

Buy Now, Pay Later (BNPL)

A financing option that lets a payer split a purchase into installments, often interest-free, paid to the provider.

Dueflow is the free platform treasurers use to collect dues, run budgets, and manage chapter finances.

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