Why does embedded processing cost less than a bolt-on processor?
Bolt-on setups include a markup the software company takes from the processor. Because 613OS is a payments company that built software — not the reverse — that middleman layer disappears, and institutions processing over a million dollars a year in card volume can qualify for free software.
What is the zero-cost surcharge option?
Surcharging passes the card processing fee to credit-card payers as a disclosed line item, so the institution receives the full amount. It applies to credit cards only, never debit, and is offered where permitted with the required disclosures — the compliant version of 'the school shouldn't eat the fee.'
What payment methods are supported?
Credit and debit cards, ACH bank debits, in-person terminals, tap-to-pay on a phone, QR codes, and keyed-in virtual terminal payments — all reconciling into the same reports and the same family records.
How fast do funds reach the school's bank account?
Settlements follow standard next-business-day timing for most transactions, with every deposit itemized by student, campaign, and program so the bookkeeper can reconcile what hit the bank against who paid for what.