Stripe payment fee will be a percentage of the total transaction value plus a minimal fixed fee per transaction. The percentage and fixed fee will vary by country/ currency.
You can check the pricing for your country through visiting www.stripe.com/pricing and pick your country on the bottom left of the page.
For example, let’s say there is a transaction that involves 3 merchants:
- Merchant 1 transaction value: $10
- Merchant 2 transaction value: $20
- Merchant 3 transaction value: $30
- Marketplace admin commission percentage: 5%
- Marketplace admin commission: 5% of $60: $3
If the marketplace is located in Singapore, the Stripe fee is 3.4% + 50 cents. Below is the calculation of the Stripe fees:
- Stripe fee earned from Merchant 1: (3.4% of $10) + 50¢ = 84¢
- Stripe fee earned from Merchant 2: (3.4% of $20) + 50¢ = $1.18
- Stripe fee earned from Merchant 3: (3.4% of $30) + 50¢ =$1.52
- Stripe fee earned from Admin = $0
Below is the amount each party will get after Stripe fees and admin commission fees have been deducted:
- Merchant 1: $10 - 84¢ - 50¢ = $8.66
- Merchant 2: $20 - $1.18 - $1 = $17.82
- Merchant 3: $30 - $1.52 - $2 = $26.48
- Admin = $3