The Flex Services are offered for a monthly membership fee of $14.99, which includes access to a Flex Line of Credit account from Blue Ridge Bank at 0% APR.
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.
Let's breakdown a $1000 rent payment:
- 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).
|Payment Method||Payment Type||You Pay|
|Debit Card||1st payment||$503.75|
|Credit Card||1st payment||$515.00|
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