Cover credit card fee
Instil's transaction fee includes an approximate 4% charge that is paid to the payment processor, which is taken out of the transaction amount.
You can choose to pass this fee on to your learners:
- Go to the account settings page
- Scroll to the Cover credit card fee section
- Set the toggle button ON
- Your change is saved instantly and will apply to all your classes
Passing on credit card fee for individual classes
You can choose to pass on credit card fees when you're creating the listing for a class.
It works by adding 4% on the user's checkout amount and thus minimising the impact of transaction cost on your revenue.
Note - In some jurisdictions, it's prohibited to charge processing fees to your customer. It's your responsibility to comply with applicable laws concerning surcharging.