Online Payments: Difference between revisions
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These fees are '''substracted''' from each transaction. Thus, for a canadian issued credit card, you need to multiply the ticket price by (1-0.022) and then subtract 0.30 from it to compute the amount of money you're going to get. For instance, if the ticket price is 20$, you will get 20*(1-0.022) - 0.30 = 19.26$ after Stripe fees. | These fees are '''substracted''' from each transaction. Thus, for a canadian issued credit card, you need to multiply the ticket price by (1-0.022) and then subtract 0.30 from it to compute the amount of money you're going to get. For instance, if the ticket price is 20$, you will get 20*(1-0.022) - 0.30 = 19.26$ after Stripe fees. Thus, the following calculation will give the price to put your event at to put Stripe fees on your customer: (TICKET_PRICE - 0.30)/(1 - 0.022). This assumes that most of your participants will pay with a canadian-issued credit card, which is almost always the case. | ||
==FAQ== | ==FAQ== | ||