Stripe is a technology company that provides a payment processing platform for online businesses. It allows businesses to accept and process payments from a variety of sources, including credit and debit cards, bank transfers, and mobile payments. Stripe provides tools for managing and tracking transactions, as well as for handling fraud prevention and compliance with various financial regulations. It is widely used by small and large businesses around the world as a reliable and secure way to process payments online..
How are Stripe fees calculated?
Follow this link to calculate the stripe fee
Stripe fees are calculated based on the transaction amount, the country where the transaction is taking place, and the payment method being used.
For credit card payments, Stripe charges a flat fee of 2.9% + 30¢ per successful transaction. For example, if you process a $100 payment, the fee would be $2.9 + $0.30 = $3.20.
For ACH (bank) payments, Stripe charges a flat fee of 0.8% + 30¢ per successful transaction, with a maximum fee of $5. For example, if you process a $100 payment, the fee would be $0.8 + $0.30 = $1.10.
In addition to the transaction fees, Stripe may also charge additional fees in certain situations. For example, if you are using Stripe to process international transactions, there may be additional fees for currency conversion. Stripe may also charge fees for charge backs, refunds, and other types of payment disputes.
It’s important to keep in mind that Stripe’s fees are subject to change, so it’s always a good idea to check the latest fee information in Stripe’s documentation before processing any transactions.
If you have any specific questions about how Stripe fees are calculated, don’t hesitate to ask!