The admin fee is added on top of the base software cost you are recharging to clients. It can be a percentage or a fixed amount, and is automatically included when Rechargly calculates the recharge amount.
Why firms use admin fees:
Cost recovery – helps cover the admin time spent managing disbursements
Profitability – creates a margin for your firm
Consistency – applies the same markup across all clients
Steps to follow:
1. Choose your fee structure
You apply a fixed amount (for example, $2 per client per invoice).
2. Contact the Rechargly team
If you wish to change the default amount of $2, you can contact the Rechargly team.
3. Communicate
When you go live with Rechargly, you may want to give your clients the heads up about how it all works.