AffiniPay primarily takes a 2.9% processing rate on payments. This rate applies to transactions that are successfully processed.
Understanding AffiniPay's Processing Fees
When a payment is made through AffiniPay, a 2.9% processing fee is typically applied to the transaction amount. However, it's important to understand how these fees are handled, especially concerning errors or multiple charges.
- Standard Processing Rate: The base fee for processing a payment is 2.9%. This covers the costs associated with facilitating the transaction.
- Voiding Payments: AffiniPay offers a crucial feature that allows users to avoid this processing fee under specific circumstances. If a payment is entered incorrectly, such as a wrong amount, or if a member is accidentally charged multiple times, the transaction can be "voided."
- To avoid the 2.9% processing rate, the payment must be voided on the same day it was processed.
- The cutoff time for voiding a payment to prevent being charged the processing rate is 12:00 AM EST on the day the payment was initiated.
This voiding capability is a practical solution designed to help users manage errors effectively without incurring unnecessary charges.
