Online Payments: Difference between revisions
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===Stripe Fees=== | ===Stripe Fees=== | ||
Stripe charges the following fees for the use of credit cards. '''These fees will be charger to your group !''' Make sure to take them into account when planning your event's budget. Due to substantially higher fees, American Express cards have been disabled. | Stripe charges the following fees for the use of credit cards. '''These fees will be charger to your group !''' Make sure to take them into account when planning your event's budget. Due to substantially higher fees, American Express cards have been disabled. In general, it it safe to assume that about 15% of people will pay with international credit cards and the rest, with canadian cards. | ||
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| American Express || 3.5% + $0.00/tx | | American Express || 3.5% + $0.00/tx | ||
|} | |} | ||
These fees are '''substracted''' from each transaction. Thus, for a canadian issued credit card, you need to multiply the ticket price by (1-0.022) and then subtract 0.30 from it to compute the amount of money you're going to get. For instance, if the ticket price is 20$, you will get 20*(1-0.022) - 0.30 = 19.26$ after Stripe fees. | |||