SOP: Adding Processing Fees to Subscription Memberships
Objective:
To add processing fees to subscription memberships in Tralka Pro, ensuring accurate billing and payment processing.
Key Steps:
Navigate to the subscription membership setup in Tralka Pro.
Toggle the option to add a recurring fee and label it as a processing fee (avoid using terms like credit card fee).
For different payment methods (credit card vs. ACH), create separate unlimited memberships with corresponding fee labels in the description.
Assign the appropriate membership to individuals based on their payment method.
Use the toggle feature in Stripe reporting to manage and adjust fees as needed.
Note that processing fees are non-taxable and will be labeled accordingly in your Stripe report.
Cautionary Notes:
Be cautious when labeling fees to comply with legal regulations in different countries.
Be aware that individuals may switch payment methods, requiring adjustments to their membership fees.
Double-check invoices and upcoming bills to ensure accurate billing with processing fees included.
Tips for Efficiency:
Keep membership fees and descriptions clear and consistent for easy tracking.
Regularly review and update processing fees to align with any changes in billing practices.
Utilize the toggle feature in Stripe reporting for quick adjustments to fees when necessary.