How is the payment processing fee calculated?

For each month you use Flex Services to pay your rent, we will charge you a payment processing fee equal to 0.75% of your monthly rent payment amount if you pay with a debit card. 

We will charge a payment processing fee equal to 3% of your monthly rent payment amount if you pay with a credit card. 

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).

The payment processing fee is payable to Flex and assessed on each repayment.

Let's break down a $1000 rent payment: