Deciding Between the Tip Jar or Percentage Processing Fee
In order to continue providing an exceptional PTO/PTA management platform for the lowest annual cost and highest possible revenue generation for your organization, PTOffice is powered by combining its low annual subscription cost with an optional "service fee" on credit card purchases. Because every organization runs differently, we allow you two options to handle the credit card fees. Here's a breakdown of the fees or costs associated with credit card purchases on PTOffice...
1. Credit card processing fee
All credit card processing is performed by Stripe, not PTOffice. Like every payment processor, Stripe charges its own fee for processing credit card payments (typically 2.2% + .30 for qualified non-profits).
2. PTOffice fee
PTOffice offers two types of fee options - a Free Tip Jar or a Percentage fee. Just pick the option that works best for you!
The following describes the differences between our Free Tip Jar option and the Percentage Processing Fee option. These options are only applied to items purchased within a Store or Fundraiser via credit card and DO NOT apply to purchases made with cash or check. Although a majority of our customers use the Free Tip Jar option, the description of each below can help you decide for yourself.
FEES ONLY APPLY TO CREDIT CARD TRANSACTIONS
You will see a breakdown of the Free Tip (or Percentage) fee in your Stripe account by hovering over the Fee "i" icon. Please note, if using the Free Tip option, this amount can differ between transactions as each customer tips differently. These tips are in addition to your item cost, so DO NOT affect your profit at all.
PERCENTAGE FEE: With this option, the Tip Jar will be removed and a required percentage processing fee will be applied at checkout - see Pricing. You have the option of adding this fee to your customer's order (customer covers the cost) or having the fee removed from the amount received from the purchase (organization covers the cost). This portion of the charge is electronically directed to PTOffice.
NOTE: Stripe will deduct 2.2% + 30c for each credit card transaction (qualified non-profits)
Good to Know: You must choose one of the two options. You cannot modify the wording on the Tip Jar.