CODEWITHSUNDEEP
transactionsstripe-payments
Mehtab Ahmed
Mehtab Ahmed

Reputation: 501

Stripe transaction charges

Hello I am making an android application in which I am using Stripe payment method. Users can buy products through the app. I want User to only pay product price but not transaction charges. First I want to know that normally who pays the transaction charges the Buyer or the Seller ?

Upvotes: 0

Views: 164

Answers (1)

Nur Zico
Nur Zico

Reputation: 2447

Stripe charge(deduct fee) from the money you are asking to the buyer

So, if you ask $10 from a user, then you will receive NET $9.41. $0.59 will be charged by Stripe.

If you want to pay Stripe fee from user then you have to calculate 2.9% of actual price + ¢30 to set the price. Example: for $10 product you have to ask $10.61 to buyer.

You can check it in your test setup

You have to find the Balance in Payments section in Dashboard. You can check NET amount seller received and total amount buyer paid.

Upvotes: 2

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