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How to configure ACH processing fee?

Posted By: Nisha R

Stripe supports accepting ACH payments—direct from bank accounts.
With Plaid integration instant bank account verification is done and customers can authenticate directly with their bank in real-time.
ACH payments on Stripe cost 0.80%, with no monthly fees. So, a $100 payment incurs a $0.80 fee; any payments above $625 cost $5. This can be especially useful if you routinely charge customers large amounts on a recurring basis.
$1.50 per bank account authorization (only charged one time for recurring donations, assuming bank account is not changed).
And FreshSchools fees is 1% of donation amount.

Admin can configure the fundraiser so that they can decide the percentage they want to add as ACH processing fee or they don’t want to charge any processing fee. Three option are provided:

1.Absorb ACH processing fee
2.Require the donor to include the ACH processing fee in the donation amount
3.Request the donor to include the ACH processing fee in the donation amount

ACH payment method can be configured only for fundraisers.