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 |
2nd payment | $503.75 | |
Membership fee | $14.99 | |
Credit Card | 1st payment | $515.00 |
2nd payment | $515.00 | |
Membership fee | $14.99 |
Flex credit line amounts vary per user based on eligibility. Graphic is illustrative only.
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