Configuring Processing Fees for Re-Leased Pay Transactions

  • Updated

Each transaction processed through Re-Leased Pay has transaction fees associated with it. When setting up your Re-leased Pay account, you will configure the allocation determining who consumes all or part of the fees. You can have your tenants consume their fees, you can take on their fees or you can define a split percentage and share the consumption of the fee with your tenant. This is a company wide setting applied to all tenancies.

 

Setting Up Processing Fees During Onboarding

Fees can be apportioned between your company and your tenants. Here's how to configure it during the onboarding process: 

  1. Navigate to Settings and Re-Leased Pay Account and select the Payment processing fee step.
  2. Type the percentage of the fee you'd like your tenants to bear. As you do, the system smartly calculates the remaining percentage for you.
  3. Hit the Save payment processing fee button to lock in your preference.

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And you're all set! Don't forget to proceed with the next step of onboarding by confirming the payment options for Re-Leased Pay. 

 

Updating Processing Fees Post-Onboarding

Should you need to adjust fee allocations after the initial setup, fear not: 

  1. Head over to the Processing Fees page within your Settings, located under the Re-Leased Pay section.
  2. Enter the new percentage allocation in one field—the corresponding field updates automatically.
  3. Save your changes to keep your account up-to-date with your current preferences.

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These steps mirror the initial onboarding process, keeping things familiar and user-friendly.

 

Handling Fees for Your Company

If your company absorbs all or a portion of the processing fees, there's a seamless way Re-Leased helps you manage this: 

  1. Re-Leased automatically documents all transaction fees that your company incurs.
  2. Expect an invoice from Re-Leased for the fees, which will be issued bi-monthly, on the 15th and the last day of each month.

 

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