Contra offers several payment methods, each with its own set of fees and eligibility criteria. This article provides a detailed overview of the available payment methods, associated fees, and steps to gain access, helping you choose the best option for your needs.
Credit Card
Fees: 2.9% + 30¢ per successful charge for domestic cards, +0.5% for manually entered cards, +1.5% for international cards, +1% for currency conversion. Ex: On a $1000 payment, you would pay approximately $30 in fees.
Eligibility: Available to all clients with a valid credit or debit card. Supported cards include American Express, China UnionPay, Discover & Diners, Japan Credit Bureau (JCB), Mastercard, and Visa.
How to Set Up:
Visit Contra Payment Methods.
Click “Add an account.”
Select “Credit/Debit Card.”
Fee Score: High
ACH (Automated Clearing House)
Fees: 0.5% capped at $5.00 per successful charge. Ex: On a $1000 payment, you would pay a $5.00 fee.
Eligibility: Request access required. Our payments team will review your account and notify you via email if you are eligible.
How to Set Up:
Request access to use ACH.
Once approved, visit Contra Payment Methods.
Click “Add an account.”
Select “US Bank Account.”
Fee Score: Low
SEPA (Single Euro Payments Area)
Fees: 0.8% + 30¢ capped at $6.00 per successful charge. Includes a 1% currency conversion fee. Ex: On a $1000 payment, you would pay a $6 fee.
Eligibility: Request access required. Contact hello@contra.com to request access. Our payments team will review your account and notify you via email if you are eligible.
How to Set Up:
Email hello@contra.com to request access.
Once approved, visit Contra Payment Methods.
Click “Add an account.”
Select “EUR Bank Account.”
Fee Score: Low