Pricing information | Stripe Connect (2024)

FAQs

Who pays the fee in Stripe Connect? ›

When a platform or marketplace creates direct charges on a connected account, the connected account is responsible for the cost of Stripe fees, refunds, and chargebacks. Stripe covers loss liability for these connected accounts.

Transaction fees: Stripe charges 2.9% + 30¢ for each successful card charge. Additional fees apply for specific scenarios: 0.5% for manually entered cards, 1.5% for international cards, and 1% if currency conversion is necessary.

Stripe is free to set up and the company does not charge a monthly or annual fee for its services. Instead, all Stripe fees are per transaction with transparent pricing. Online sales cost businesses 2.9% plus 30 cents per transaction. There is an additional 1% fee for international and currency conversion transactions.

Pricing. Stripe charges Dashboard users a 1% fee for all Instant Payouts for CA, UK, and SG, and a 1.5% fee for US and AU. Each Instant Payout transaction has a minimum and maximum amount dependent on the currency.

If you have chosen to use Stripe as a payment service, you can automatically add a processing fee to the payment total when your customer pays by credit card. You can do this by going to Settings > Payment Services and selecting the Charge my customer a processing fee option.

In order to get lower fees, you can upgrade to a higher plan. The higher the amount you get paid with debit or credit cards, the more significant the lower fees will be for you. Check out the plans here, including premium features each plan has to offer.

In almost all cases, Stripe is the cheaper option because of lower service fees (unless you're exclusively processing micropayments).

There are two components to Stripe fees with Connect: which pricing plan applies to the payment and which account pays Stripe fees. When using Direct charges, you can choose how Stripe fees are billed to your connected accounts.

In other words, yes, Stripe does report to the IRS. If you use the platform to collect payment for your goods or services, the agency will typically know how much you earned during each tax year. If you report a lower amount on your tax return, it will mail you a letter and investigate the discrepancy.

Does Stripe go directly to a bank account? ›

Payouts are sent to the bank account on file at the time the payout is initiated. If that account is closed, banks will then either inform Stripe that the bank account is closed and return the funds to your account automatically or contact you directly to disperse the funds.

If you want a credit card processor that will also provide you with a full POS system, Square is better. However, if you already have a POS system and rely on in-person transactions of less than $500 each to keep your business running, Stripe may be the better fit.

Why are there debits in my bank account? At times, your platform may need to collect funds from your connected account: To charge the connected account directly for products or services. To recover funds for a previous refund.

The minimum amount is $0.50 US or equivalent in charge currency. The amount value supports up to eight digits (e.g., a value of 99999999 for a USD charge of $999,999.99).

ACH payments on Stripe cost 0.80%, capped at $5, with no monthly fees or verification fees.

You can pass your Stripe fees on to your customers by including the fee into the final charge amount. It is important to ensure that this action complies with any applicable laws that pertain to your business.

Stripe Connect introduces the concept of 'connected' accounts. These are individual Stripe accounts linked to the main platform. Funds can move seamlessly between the main Stripe account and these connected accounts based on the platform's payment logic.

In order for you to receive funds, Stripe makes payouts to your bank account. Why haven't I received my first payout? See Waiting on… This article helped 93% of Stripe users solve their issue.