It’s simple… each time you transact commerce from new sales, or pay for purchases with trade instead of cash, we earn a 4%, 5% or 6% transaction fee depending on the plan you select.
In addition, much like a bank, there is a monthly statement and account fee of $10 or $15 per month depending on the plan you select. Charter TiE members receive a complimentary account with no cash monthly fee, just a $15 trade fee to fund a bad debt reserve.
Monthly fees and transactions fees on Entrepreneur and Member accounts are automatically charged to your credit card or checking account the beginning of each month.
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