Flex charges a standard monthly membership fee of $14.99. Flex also charges a payment processing fee, a percentage of the monthly rent payment based on the chosen payment method (0.75% for debit card and 3% for credit card), assessed on each repayment.
For example, if your rent amount is $1,000, the payment processing fee for a debit card is $7.50 ($1,000 * 0.0075). If your rent amount is $1,000 and you pay with a credit card, the payment processing fee is $30 ($1,000 * 0.03).
Let's break down a $1000 rent payment:
|Payment Method||Payment Type||You Pay|
|Debit Card||1st payment||$503.75|
|Credit Card||1st payment||$515.00|
Flex credit line amounts vary per user based on eligibility. Graphic is illustrative only.
Article is closed for comments.