re:Members Choice Finance Fees

re:Members Choice Finance collects fees in two ways:

• Payment processing

• Member Service fees

The cost of re:Members Choice Finance varies based on a few different factors.

• Payment Processing Fees: This is a percentage of the payment based on the member's payment method.

• Member Service Fee: Your chapter is charged a per-member service fee based on the following criteria:

  • Any Active Member added to the roster at any point during the semester, with or without an account balance.

  • Any Alum / Non-Members who had a payment posted to their account for the current term.

  • Any Alum / Non-Members who had an invoice generated for the current term.

Planning for Fees

Plan ahead for fees when billing for the semester's dues by:

• Including it in the chapter budget.

• Charging an additional fee to cover the cost. E.g., a "Processing Fee."

• Being aware of the different processing fees for payment types and encouraging members to pay in a certain way.

Payment Processing Fees

Based on your organization's contract with re:Members Choice Finance, a fee is applied prior to transferring funds to your chapter's bank account. This fee varies based on members' payment methods.

Approved payment options include:

• Credit cards

• ACH / Bank sync

• Check

• Apple Pay

• Chapter-collected payments

Note: Chapter members pay only the amount billed.

Example: If a member is billed $100.00, they will pay $100.00. If the member pays with a credit card, re:Members Choice Finance withholds a fee and transfers the remaining $97.00 to the chapter.

Seeing the Processing Fee per Transaction

Chapter admins can view a full report of the amount held back for processing fees before every transfer of funds to the chapter bank account.

1. Log in to the Admin dashboard.

2. Navigate to the Reporting section.

3. Locate the Payments Received tile and click Run.

4. Filter and run the report with the desired parameters. In the results, review the fees under the Transaction Fees column.

re:Members Choice Finance Member Service Fees

Your chapter is charged a flat Per Member / Per Semester fee. Semesters run:

• July 1 - Dec 31st

• Jan 1 - June 30th

Your chapter is charged a per-member Service Fee based on the criteria listed above.

To view a report of all members to be charged the flat fee:

1. Log into the Admin dashboard.

2. Navigate to the Reports section.

3. Locate the GB Fee tile and click Run.

Note: re:Members Choice Finance pulls this report two times per semester, in case new members were added. Your chapter will only be charged once per semester for each member.

Your chapter will only be charged once per semester for each member.