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How to Add Extra Borrower Fees to Cover ZimpleMoney Transaction Processing Fees

Learn how to calculate and include ZimpleMoney transaction processing fees in your borrower recurring payment amount.

ZimpleMoney transaction fees are 2% + $1.50 per payment. By adding an extra recurring fee to sufficiently cover these transaction fees on top of loan principal and interest, lenders can reduce their lending operational costs.


Example calculation for a $300 payment:

  1. $300 × 2% = $6.00 + $1.50 = $7.50 in fees
  2. Add the fee to the base: $300 + $7.50 = $307.50
  3. Recalculate on the new total: $307.50 × 2% = $6.15 + $1.50 = $7.65
  4. Round up as needed to ensure full coverage

Any overpayment will be applied toward interest or principal.

For more details on transaction fee pricing, visit ZimpleMoney Plan Pricing.