Are you a business owner who’s been considering Stripe as your payment processing solution? If so, you’ll want to take a few minutes to calculate your fees using the Stripe Fee Calculator.
One of the things that makes Stripe so popular is that it is very user friendly. In addition, Stripe is also relatively affordable when compared to other payment processing companies. However, one thing that business owners need to be aware of is the fact that Stripe does charge fees for its services.
In this article, we’ll show you how to use the Stripe Fee Calculator to get an estimate of what you can expect to pay in fees. We’ll also provide some tips on minimizing your costs.
What is Stripe?
Stripe is an online payment processing platform for businesses. When a customer buys a product online, the funds need to be delivered to the seller; Stripe makes this possible. Stripe allows safe and efficient processing of funds via credit card or bank and transfers those funds to the sellers account. Stripe also has software that includes both a payment processing platform, as well as a credit card payment gateway, and both are required in each successful online transaction– making it the most efficient and simple software to choose for online payments.
How Stripe Fees Work?
Stripe is a payment processing platform with flat-rate, transaction-based fees. It charges 2.9% plus 30 cents per transaction to process card payments online; it does not charge monthly or annual fees.
Understanding Your Stripe Fees
Stripe’s flat-rate processing fees are the main cost associated with using the service. Whether you’re accepting payments with a credit card, debit card, you’ll pay the same rate per transaction. Your rate may vary based on your country; services are available in more than 30 countries around the world. Standard fees for businesses operating in the U.S. include 2.9% plus 30 cents per transaction.
Calculating Stripe Fee For Every Transaction:
You can calculate the stripe fee for every business transaction using PeachPay Stripe Fee Calculator. This calculator can help you determine how much Stripe’s processing fee will be when you’re receiving money through their service by just entering the amount and by hitting calculate. The amounts are calculated based on the United States’ Stripe fee of 2.9% + $0.30 per transaction.
How to Reduce Your Stripe Fees:
When invoicing your clients using PeachPay, you can either pass on the stripe processing fee entirely on to your client or split it in half with your client. This way you can reduce or save your stripe processing fee. You can send your invoices for free by going here.
Now that you’ve read our guide, you should have a good understanding of how to use the Stripe Fee Calculator to understand what your fees are, and how to reduce them. If you have any questions about this or any other topic, please don’t hesitate to reach out to us!
Must-Have Tool For Online Service Providers:
PeachPay is an all-in-one tool for online service providers. With PeachPay, you can send invoices, receive payments, sell digital goods and services and schedule free and paid calls with your clients. Over 19,000 independent service providers use PeachPay to manage and grow their online business.