Payments and Billing Fee Structure

Onespot Payments offers a seamless and secure way to collect tuition and fees, powered by Stripe’s trusted infrastructure. While transaction fees apply, using Stripe enables scalable feature development, making it easier to support future enhancements and school-specific requests.

Fee breakdown for dummies🤓

Stripe charges two types of fees:

• Transaction fees (2.9% + $0.30 for credit cards, 0.8% ACH capped at $5)
  • These are taken when a parent makes a payment. They’re applied right when the payment is processed and the school will incure the fees.
• Product fees
  • Invoicing (0.4% on one-time charges, like enrollment deposits)
    • You bill the parent for a one-time fee. Stripe charges a 0.4% fee for using this feature.
  • Billing (0.7% on recurring charges, like tuition)
    • You set up a recurring charge to bill the parent each cycle (e.g. monthly tuition). Stripe charges a 0.7% fee for securely managing the recurring payment. Note: This is instead of Stripe's 0.4% Invoicing fee, not in addition to it.

Onespot pass through management tools and system fees

• Service Fee (recommended 4% on credit card payments)
  • An optional fee (1-5%) schools can add to a bill to offset processing costs associated with credit card transactions. This helps maintain the financial sustainability of offering flexible digital payment options.
  • Recipient: School
• ACH Discount (recommended 2–3% for bank payments)
  • An optional discount schools can offer to encourage families to pay via ACH, which incurs lower processing costs. This supports more cost-effective payment processing while providing a benefit to families.
  • Recipient: School
• Onespot Fees (0.3% on all transactions)
  • A platform fee applied to all transactions processed through Onespot. This supports ongoing product development, integrations, and payment infrastructure.
  • Recipient: Onespot

Fee Breakdown: Real-World Examples

These examples walk through the different ways parents might pay for things like tuition, application fees, or one-time donations—whether by credit card, ACH, invoicing, or self-checkout. Each example includes how much the parent pays, how much the school receives, and which fees are involved. We've also shown how a 4% School Service Fee and a 3% ACH School Discount (where applicable) can be used to offset processing costs.

Example 1: Self Checkout with Credit Card ($1,000 Donation)

A parent uses a credit card to make a $1,000 donation directly from the app using self-checkout.

• Parent Pays: $1,000 (no service fee applied with self-checkout)
• Stripe Fees: 2.9% + $0.30 = $29.30
• Onespot Fee: 0.3% = $3.00
• School Receives: $967.70

Example 2: Self Checkout with ACH ($1,000 Donation)

A parent makes a $1,000 donation from their bank account via ACH using self-checkout.

• Parent Pays: $1,000 (no ACH discount or service fee applied with self-checkout)
• Stripe Fees: 0.8% (capped at $5) = $5.00
• Onespot Fee: 0.3% = $3.00
• School Receives: $992.00

Example 3: Invoicing via Credit Card ($1,000 Monthly Tuition + 4% School Service Fee)

A parent is invoiced for $1,000 tuition per month and chooses to pay with a credit card. A 4% School Service Fee is added to cover processing costs.

• Parent Pays: $1,040 ($1,000 + $40 service fee)
• Stripe Fees: 2.9% + $0.30 = $30.46
• Stripe Invoicing Fee: 0.4% of $1,040 = $4.16
• Onespot Fee: 0.3% = $3.12
• School Receives: $1,002.26

Example 4: Invoicing via ACH ($1,000 Monthly Tuition + 4% School Service Fee - 3% ACH School Discount)

A parent is invoiced for $1,000 tuition, but pays via ACH and receives a 3% School Discount. A 4% School Service Fee is still applied.

• Parent Pays: $1,010 ($1,000 + $40 service fee - $30 ACH discount)
• Stripe ACH Fee: $5 (capped)
• Stripe Invoicing Fee: 0.4% of $1,010 = $4.04
• Onespot Fee: 0.3% of $1,010 = $3.03
• School Receives: $997.93

Example 5: Billing Subscription via Credit Card ($1,000 Monthly Tuition)

A parent is auto-billed every month for $1,000 using Stripe's recurring billing feature and pays by credit card. A 4% School Service Fee is added.

• Parent Pays: $1,040 (includes 4% School Service Fee)
• Stripe Fees: 2.9% + $0.30 = $30.46
• Stripe Billing Fee: 0.7% of $1,040 = $7.28
• Onespot Fee: 0.3% of $1,040 = $3.12
• School Receives: $999.14

Example 6: Billing Subscription via ACH ($1,000 Monthly Tuition)

A parent is auto-billed monthly and pays via ACH. A 3% School Discount is applied while a 4% School Service Fee is added.

• Parent Pays: $1,010 ($1,000 + $40 service fee - $30 discount)
• Stripe ACH Fee: $5 (capped)
• Stripe Billing Fee: 0.7% of $1,010 = $7.07
• Onespot Fee: 0.3% = $3.03
• School Receives: $994.90

Example 7: One-Time Annual Invoice via Credit Card ($10,000 Tuition)

A parent pays the full $10,000 annual tuition in one invoice using a credit card. A 4% School Service Fee is added.

• Parent Pays: $10,400 (includes 4% School Service Fee)
• Stripe Fees: 2.9% + $0.30 = $302.90
• Stripe Invoicing Fee: 0.4% = $41.60
• Onespot Fee: 0.3% = $31.20
• School Receives: $10,024.30

Example 8: One-Time Annual Invoice via ACH ($10,000 Tuition)

A parent pays the full $10,000 annual tuition via ACH and gets a 3% School Discount. A 4% School Service Fee is applied.

• Parent Pays: $10,100 ($10,000 + $400 service fee - $300 discount)
• Stripe ACH Fee: $5 (capped)
• Stripe Invoicing Fee: 0.4% = $40.40
• Onespot Fee: 0.3% = $30.30
• School Receives: $10,024.30