ASPIRE HANDLING FEE AND PAYMENT PROCESSING FEES
Aspire passes through to clients certain third-party fees or charges incurred related to the Services provided to the customer. As shown below, these fees are currently structured as handling fees and payment processing fees which are included in any invoice or billing automatically.
HANDLING FEE FOR CREATOR FEE BUDGETS
AspireIQ uses a third-party service provider to process payments to Creators, manage related tax matters, and provide Creators annual tax forms. To account for the charges by the vendor for these services, Aspire assesses a two percent (2%) handling fee charge on Creator Fee Budget payments made to Aspire by customers. This Handling Fee is applicable to all Creator Fee Budget payments no matter the method of payment. This Handling Fee only applies to Creator Fee Budget payments and not to any payments for services, etc.
PAYMENT PROCESSING FEES
AspireIQ also charges customers payment processing fees for certain payment transactions made with credit card, by ACH (“Automated Clearing House”) transfer, or by bank wire transfer. These fees reflect payments to third party service providers and banks by Aspire, and are payable by the Client in addition to Service Fees or other fees. The current types of transactions which incur the fee, and the fee amount, are listed below:
All Payment Processing Fees are based on the amounts actually received by AspireIQ, depending on the payment method as described above.
The Handling Fees and Payment Processing Fees may be revised, or additional fees may be added, by Aspire no more than annually. You will receive written notice of any changes or additions at least 30 days prior to the changed fee or additional fee taking effect.