GeekPay Fees

GeekPay is a note collection/payment service. With that, there are additional fees that a customer will incur as part of using our software in addition to their monthly subscription price. There will be process payment fees for ACH, debit card, and credit card transactions.

We do not have a list of the fee schedule as it varies.

Example

Question

Can you please help me understand the associated fees for using this platform? Does actum or a credit card processor charge a monthly fee on top of the geek pay system? My understanding is that there is an option to service 9 or fewer loans for a rate of $49/mo. I am just starting out and do not have that many terms deals yet. Is this an option still? I am trying to get an accurate and holistic understanding of the monthly costs associated with financing deals.

Response

Hi [CUSTOMER FIRST NAME],

Yes, Actum charges additional fees to process payments via ACH. Stripe (or Authorize.Net) charges additional fees to process payments via debit card or credit card.

You will need to contact them directly for the fee schedule, as it varies. For example, Authorize.Net should be applied via reseller.

Let me know if there is anything else I can answer for you.

To Engineering Your Success,[YOUR NAME]