REACHpay is a payment gateway directly from REACH! We offer this PCI-compliant service through Stripe Connect.
When using REACHpay as your payment gateway, REACH will transfer funds to your banking account each business day. The funds transferred will be for the donations received two business days prior.
Note: Organizations can modify their payout schedule.
REACHpay includes a single transaction transaction fee of 2.9%. This transaction fee is taken from each transaction before the payout.
Note: Bank statements will display the total amount of the donation. The Payout view will display the breakdown by donation. You can also run a Payout Reconciliation Report to view a summary of the payout line items from REACHpay and their associated donations. The Report displays fields for both the original transaction amount and the the transaction fees that have been taken out.
Once you begin to receive donations, you can review your Payouts by going to Donations > Payouts.
Payout data will include a table listing the Arrival Date, Stripe ID, Status and Amount of your payouts.
Note: You can set how many entries to show and search payouts by typing in any of the included fields.
REACHpay Account Balances
Your REACHpay Account Balance that includes the Available amount and the Pending amount will be shown at the top of the Payouts page.
Some actions, such as refunds and chargebacks, create negative transactions in a REACHpay account. If at all possible, REACHpay automatically offsets negative transactions against future payout funds to ensure a positive REACHpay balance.
If a REACHpay account balance is negative, REACHpay will debit your external account on file.
REACHpay will attempt to debit up to the maximum attempts allowed. If all attempts fail, REACHpay will pause payouts to and debits from the external account until the external account on file is updated or charge the balance due to your card on file used for REACH monthly invoicing.
On your banking statements, deposits will include the date, REACHpay and the total amount.
Here’s an example:
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