Stripe Fees Overview
Unraveling the Fine Print: Overview of All Stripe Fees
Stripe is an online payment platform that provides businesses with the ability to accept payments and manage transactions. Like PayPal, Stripe charges fees for its services. Here is an extensive overview of Stripe's fees:
Stripe Transaction Fees
Stripe charges a fee for each transaction processed through its platform. In the US, the fee is 2.9% + $0.30 per transaction for credit card payments. For ACH and bank transfers, the fee is 0.8% with a cap of $5. The fees vary by country, currency, and payment method, so it is important to check the Stripe website for the fees in your location.
Stripe International Transaction Fees
Similar to PayPal, Stripe also charges an additional fee for transactions processed across borders. The fee varies depending on the country and currency involved in the transaction.
Stripe Chargeback Fees
If a customer disputes a transaction and requests a chargeback, Stripe will charge a fee to process the dispute. The fee is $15 for each chargeback.
Stripe Recurring Payment Fees
Stripe charges a fee of 0.5% for recurring payments. This fee applies to transactions where a customer is charged a set amount at regular intervals, such as a monthly subscription.
Stripe Disputed Payments
If a payment is disputed, Stripe may hold the funds until the dispute is resolved. This can result in delayed payment to the seller.
Stripe Payment Processing Time
Stripe payments typically take 2-7 business days to process, depending on the country and payment method involved.
Other Stripe Fees
Stripe may charge additional fees for certain features or services, such as custom reporting or chargeback protection.
It's important to note that Stripe's fees can be complex and may vary depending on a number of factors, including the country you are in, the type of transaction you are making, and the payment method you are using. Be sure to read Stripe's fee schedule and terms of service carefully before using the platform. Despite the fees, Stripe remains a popular choice for many businesses due to its advanced features, flexibility, and ease of use.
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