Starting today, there's no longer a fee for accepting credit cards, bank transfers, or any other payment method.
You've invoiced Balsamiq for $500, they paid via credit card, but you only received $485.20. Where'd that $14.80 go? Welcome to the world of payment processing. (HC Bank uses Stripe)
Payment processing fees are annoying. Calculating them ahead of time is frustrating and the result is always less money for your event, club, or project.
Starting today, Hack Club Bank will make all your payment processing fees disappear.
This means that regardless of whether a sponsor is paying via credit card, ACH, or wire, when you send an invoice for $500, you'll receive $500.
And we're taking it even further.
I'm proud to share we're also reimbursing all previous payment processing fees, from all time, for everyone.
Depending on the size of past invoices, you'll receive somewhere between $4.48 and $390.50 (actual numbers) granted to your HC Bank account this week.
If you want to read more, check out our blog post with the full story.
P.S. We also resigned the invoice page to show you way more details.