All You Need To Know About Stripe Fees 2022
When it comes to online payments, Stripe is one of the most popular options out there. And for good reason - it's easy to use, has a ton of features, and is accepted by a lot of businesses.
But one thing you might be wondering about is how much it costs to use Stripe fees. After all, there are a lot of fees associated with online payments, and it can be hard to keep track of them all.
In this article, we're going to break down everything you need to know about Stripe fees so that you can make the best decision for your business.
First things first - let's talk about transaction fees. Stripe charges a 2.9% + $0.30 fee for every transaction that you process. This is pretty standard for online payment processors, and it's important to note that these fees are charged on top of any fees that your bank may charge.
Now, let's talk about some of the other fees that Stripe charges.
There is a $15 fee for chargebacks, which is pretty standard. However, if you win the chargeback, Stripe will refund this fee.
There is also a $0.25 fee for ACH transfers, and a $2 fee for international transfers. These fees are charged by Stripe in order to cover the cost of the transfer.
Finally, there is a $15 monthly fee for businesses that use Stripe's "Express" account. This account includes features like recurring billing and invoicing, and is best for businesses that process a lot of transactions.
Overall, Stripe's fees are pretty standard for the industry. However, it's important to keep in mind that these fees are charged on top of any fees that your bank may charge.
If you're looking for a more detailed breakdown of Stripe's fees, we recommend checking out their pricing page.
Now that we've covered the basics of Stripe's fees, let's talk about how you can avoid them.
One way to avoid Stripe's fees is to use a different payment processor. There are a lot of options out there, and some of them may be cheaper for your business.
Another way to avoid Stripe's fees is to use a third-party service like TransferWise. TransferWise allows you to send and receive money internationally without paying any hidden fees.
Finally, you can also avoid Stripe's fees by using a business account that doesn't charge any transaction fees. Stripe has a few different options for business accounts, so be sure to check them out.
In conclusion, Stripe is a great option for businesses that need to process online payments. However, it's important to keep in mind that there are a lot of fees associated with using Stripe.
Thank you for reading! We hope this article has been helpful.
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