What is Stripe?

Stripe is a popular payment processing platform that allows businesses to accept payments online. Founded in 2010, the platform has gained immense popularity due to its user-friendly interface and powerful features. Stripe supports more than 135 currencies and accepts various payment methods, including credit cards, debit cards, and digital wallets.

How Does Stripe Charge Fees?

Stripe charges fees for every transaction processed through its platform. The fees are usually a percentage of the transaction amount, plus a fixed amount per transaction. The exact fee structure varies depending on the country and the type of payment method used.

In the US, Stripe charges 2.9% + 30 cents for every successful transaction made using a credit or debit card. For international cards, the fee can go up to 3.6% + 30 cents per transaction. For ACH payments, the fee is 0.8% per transaction, capped at $5.

How to Use the Stripe Fees Calculator?

Calculating Stripe fees can be a bit tricky, especially if you have a high volume of transactions. The Stripe fees calculator simplifies the process and provides accurate fee estimates for each transaction. Here’s how to use the Stripe Fees Calculator:

1. Go to the Stripe fees calculator website.

2. Enter the transaction amount in the designated field.

3. Select the currency of the country.

4. Click on the “Calculate” button to get the estimated fees.

The calculator will display the estimated Stripe fees, including the stripe fee, the total amount deducted from the transaction, total amount after adding the charges.

Advantages of Using the Stripe Fees Calculator

Using the Stripe fees calculator has several advantages for businesses, including:

1. Accurate Fee Estimates

The calculator provides accurate fee estimates for each transaction, ensuring that businesses can calculate their revenue accurately.

2. Saves Time and Effort

Manually calculating Stripe fees for each transaction can be time-consuming and prone to errors. Using the calculator saves time and effort, allowing businesses to focus on other important tasks.

3. Transparency

The calculator provides transparency in fee calculations, helping businesses understand the exact fees deducted from each transaction.

4. Better Financial Planning

Accurate fee calculations help businesses plan their finances better and make informed decisions.

The International Stripe Fees Calculator for Ecommerce Stores

Tips for Reducing Stripe Fees

While Stripe fees are unavoidable, there are several ways to reduce them, including:

1. Use ACH Payments

ACH payments have lower fees compared to credit and debit card payments. If possible, encourage your customers to use ACH payments for transactions.

2. Use the Right Payment Methods

Choosing the right payment methods can help reduce fees. For example, using a digital wallet like Apple Pay or Google Pay can reduce the transaction fees.

3. Negotiate with Stripe

If you have a high volume of transactions, you can negotiate with Stripe to reduce your fees. Contact their sales team to discuss your options.

FAQ 

1. How much does Stripe charge in EUR?

Ans : Stripe charges a fee for processing transactions, which varies depending on the transaction amount, currency, and country of the customer. The fees are transparent, and you can use the Stripe fee calculator to estimate your costs.

2. Does Stripe charge foreign transaction fees?

Ans : In the case of EUR transactions, Stripe charges a flat fee of 1.4% + €0.25 per transaction for European cards and 2.9% + €0.25 per transaction for non-European cards. Stripe does not charge any foreign transaction fees, but you may incur additional fees from your bank or credit card company for currency conversion.

3. Does Stripe charge an international fee?

4. Can you use Stripe in EU?