MyGreek vs Greek Capital Management
Greek Capital Management charges a fee for every member each term, under a one-year agreement that renews automatically. On MyGreek, there are no per-member fees or contracts on any plan, payers cover processing by default, payouts reach your bank account the next day, and your 990 gets handled by in-house preparers.
“I’m so glad we’re not getting nickel and dimed another semester”
— Hector Luna, Kappa Sigma TreasurerTrusted by 100+ chapters. Comparison last updated October 2026.
MyGreek is the Greek Capital Management alternative for chapters that want out of per-member fees and yearly contracts: no per-member fees or contracts on any plan, next-day payouts to your own bank account, and a one-click sync that brings your GCM data with you.
A note from Bennett, founder of MyGreek
Hi, I'm Bennett. I built MyGreek because my own chapter used Greek Capital Management, and the experience was frustrating enough that I couldn't stand the idea of other chapters going through the same thing.
When we decided to leave, we had to involve our HQ and field some of the nastiest emails I've ever received from a vendor. I walked away knowing what I never wanted to put another chapter through.
We don't do per-member fees, contracts, or lock-ins of any kind, and we genuinely care whether MyGreek is working for your chapter, not just whether your invoice went through.
If any of this resonates, run your chapter's numbers. I'd love to show you what an alternative looks like, and save your chapter some money along the way.
What is Greek Capital Management (GCM)?
Greek Capital Management (GCM) is a dues collection and chapter finance service for fraternities and sororities. Members and parents pay online or through quick-pay links at paygcm.com, and GCM deposits the money in its own escrow account and transfers it for the chapter.
Greek Capital Management pricing and fees
GCM doesn’t list prices on its website. Its standard collection agreement charges a fee for every member, billed each semester or quarter from GCM’s fee schedule. The one agreement GCM publishes with prices, for Kappa Sigma chapters, sets $30 per member per semester ($60 a year) and a 3% fee on domestic card payments (4% on international cards), paid by the member and/or the chapter. Other chapters tell us they pay about $25 per member per semester.
GCM’s contract and cancellation terms
As of October 2026, GCM’s published collection agreement:
- Runs for one year and renews automatically unless either side gives written notice at least 60 days before the term ends
- Lets a chapter end early with 90 days’ written notice and payment of any unpaid fees remaining in the term
- Requires confirmation from your national headquarters’ staff to cancel early if your chapter has a national
How GCM works
GCM runs much of a chapter’s money for it. Its site and agreements describe:
- Dues collection with payment plans for members and parents, and reminders by email, text, and push notification
- Escrow: GCM holds collected funds and transfers them on the chapter’s behalf
- Bill pay: “We take care of all your bills”
- 990-N filing, plus reimbursements, budgets, event prepay, donations, and gMoney cards for members
Is Greek Capital Management worth it?
GCM suits chapters that want a vendor to hold their money and pay their bills. It also comes with a per-member fee every semester, and a one-year agreement that renews on its own. Here is how it compares with MyGreek.
Why chapters choose MyGreek over GCM
No contracts
GCM’s agreement renews every year unless you give 60 days’ notice, and leaving early takes 90 days’ notice, the rest of the term’s fees, and sign-off from your national’s staff. MyGreek never has contracts on any plan, so you can leave whenever you want.
No per-member fee
GCM charges a fee for every member each term: $30 in its published Kappa Sigma agreement, about $25 according to other chapters. MyGreek’s DIY tier is $0 a month, with no per-member fees on any plan.
Next-day payouts to your account
GCM deposits your members’ payments in its escrow account and transfers them for you. On MyGreek, payouts reach your chapter’s bank account the next day. You can also open a chapter bank account, FDIC-insured through a partner bank, with officer debit cards.
One-click switch from GCM
MyGreek syncs your GCM data in one click: members, parent contacts, past charges and payments, groups, and budgets. Nobody re-enters a roster mid-semester.
How MyGreek and GCM compare
GCM is a done-for-you service that holds your chapter’s money; MyGreek puts collection and payouts in your hands without a contract. GCM details are from its website and published collection agreements as of October 2026.
| MyGreek | Greek Capital Management |
|---|---|
| $0 on DIY, no per-member fee on any plan | Per-member fee each semester ($30 in its published Kappa Sigma agreement) |
| No contracts on any plan | One-year agreement that renews automatically |
| Leave any time, no headquarters sign-off | Early exit takes 90 days’ notice, remaining fees, and HQ staff confirmation |
| Next-day payouts to your chapter’s bank account | Funds held in GCM’s escrow account and transferred by GCM |
| Payers cover processing by default (4% + 30¢ card, 1% ACH), or the chapter absorbs it | 3% card fee (4% international) in its published Kappa Sigma agreement, paid by the member and/or the chapter |
| Public chapter storefront | As of October 2026, its site describes no storefront; event prepay and donations |
| 990-N included, 990-EZ free on Plus, full 990 discounted | Files 990-N |
| Officers pay bills with cards or reimbursements | GCM pays your chapter’s bills for you |
Greek Capital Management pricing vs MyGreek
MyGreek
GCM
Platform fees
Payment processing fee
What your chapter pays per year at chapter-reported rates: 100 members, $1,000 dues twice a year, 60% card
MyGreek savings for your chapter (example above)
"MyGreek offered me a superior experience for less of a price. So yeah, I'd recommend it!"
Saad Khan, Pi Lambda Phi Treasurer
Switched from GCM
When GCM is the better choice
- Your national requires GCM or partners with it (Kappa Sigma announced an exclusive partnership in 2020).
- You want a vendor to hold your chapter’s money and pay your bills for you.
- Most members pay by card and you pass fees to them: the 3% card fee in GCM’s published Kappa Sigma agreement is lower than MyGreek’s 4% + 30¢.
- You’re mid-term on a GCM agreement and leaving early would cost more than finishing it out.
Stuck paying for Greek Capital Management?
Break free and switch to MyGreek, bring everything with you
Whenever you’re ready to make the switch, we’ll bring all your data over in one click. Here’s what comes with you from GCM:
- •Members
- •Parent contacts
- •Past charges and payments
- •Groups
- •Budgets
Want to see what the switch would look like for your chapter? Book a demo below.
MyGreek vs Greek Capital Management: common questions
How much does Greek Capital Management cost?
GCM doesn’t list prices on its website. Its published Kappa Sigma agreement sets $30 per member per semester and a 3% fee on domestic card payments (4% international), and other chapters tell us they pay about $25 per member per semester. MyGreek’s DIY tier is $0 a month, and payers cover processing by default.
How do we cancel our GCM contract?
GCM’s published agreement runs one year and renews automatically unless you give written notice at least 60 days before the term ends. Ending early takes 90 days’ written notice plus any unpaid fees left in the term, and chapters with a national need confirmation from headquarters staff. Check the dates in your signed agreement; MyGreek has no contracts on any plan.
Does GCM hold our chapter’s money?
Yes. GCM’s agreement says it deposits members’ payments in its own escrow account and transfers funds on the chapter’s behalf. On MyGreek, payouts reach your chapter’s bank account the next day.
Who pays processing fees on GCM?
GCM’s standard agreement doesn’t publish a card rate. Its published Kappa Sigma agreement sets 3% (4% on international cards), paid by the member and/or the chapter, so it depends on how your chapter is set up. On MyGreek, payers cover processing by default at checkout, or the chapter can choose to absorb it.
Our national partners with GCM. Can we switch?
Some nationals work with GCM; Kappa Sigma announced an exclusive partnership with it in 2020. Check with your headquarters first, and note that GCM’s agreement needs headquarters staff to confirm an early cancellation. If your national requires GCM, it’s the better fit for your chapter.
Can we bring our data from GCM to MyGreek?
Yes. MyGreek syncs your GCM data in one click, including members, parent contacts, past charges and payments, groups, and budgets. You can switch between terms or mid-semester.
Have other chapters switched from GCM to MyGreek?
Yes. At least five chapters have switched to MyGreek from GCM, out of the 100+ chapters on MyGreek. MyGreek has been live since 2024.
How we made this comparison
MyGreek wrote this page, so read it as a vendor comparison. Competitor details come from the sources below and were last verified October 4, 2026.
- GCM collection agreement (checked October 4, 2026)
- GCM Kappa Sigma collection agreement (fees) (checked October 4, 2026)
- GCM: fraternity management software (reminders, 990-N) (checked October 4, 2026)
- GCM SMS policy (checked October 4, 2026)
- GCM for treasurers (bill pay) (checked October 4, 2026)
- GCM features (checked October 4, 2026)
- Kappa Sigma partnership with GCM (2020) (checked October 4, 2026)
- MyGreek pricing (checked October 4, 2026)
Spot something outdated or wrong? Email support@mygreek.us and we will correct it.
“Collecting payments has been really easy, and I’d recommend it to other chapters”
Robert WisemanTreasurer · Alpha Tau Omega, Marshall