Stripe Pricing And Fees (2024 Guide) (2024)

Stripe’s pricing is fairly straightforward. 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. In-person transactions cost 2.7% plus 5 cents per transaction with the same added 1% for any currency conversion or international card use. These fees are charged automatically and deducted from the merchant’s final payout.

Stripe includes a prebuilt, hosted checkout page optimized for conversion. The checkout page can accept one-time and recurring payments, can be customized to match a company’s branding, is available in 20 languages and comes with built-in conversion optimizations. Stripe also offers an automatic tax collection on all transactions for 0.5% of each transaction as well as easy-to-use tax reporting for each filing market.

Stripe also offers a customizable plan for businesses with large payments volume, high-value transactions or unique business models. The customizable plan offers large-volume discounts, multiproduct discounts, country-specific rates and interchange pricing. Businesses interested in the customizable plan must contact the sales team for a quote.

Once Stripe is linked to a business’s bank account, the standard payout is two business days. Business owners can schedule automatic payouts daily, weekly or monthly, or set a custom payout schedule. Instant payouts allow qualified business owners to be paid out within 30 minutes of the approved transaction. Instant Payouts cost an additional 1% of the payout amount with a minimum fee of 50 cents per transaction.

International Transactions

One of Stripe’s features is its accessibility for international customers. Currently, 47 countries including Canada, Brazil, Japan and Croatia support Stripe. Once Stripe is supported, businesses in those countries can take payment from anywhere in the world.

Stripe accepts more than 135 currencies, allowing businesses to present prices in the customer’s native currency, automatically collect taxes in 30 countries, offer global support and support popular payment methods from around the world including Bancontact, EPS, Giropay and iDEAL. It is worth noting that pricing does change depending on the payment method and a 1.5% fee is applied for international payment methods as well as a 1% fee for currency conversion.

Credit Card Terminals

Businesses looking to accept credit card payments in-person also will need to buy a credit card terminal. Pricing varies by terminal type and start at $59 for a mobile card reader and go up to $249 for countertop terminals.

While Stripe made Forbes Advisor’s Top 10 Best Credit Card Processing Companies, it is not the only processing company worthy of note. Of the Five Top Stripe Alternatives, Payment Depot is best for large-scale operations because it does not have a minimum processing amount. While small businesses can find cheaper options elsewhere, large-scale businesses can take advantage of wholesale prices.

A great option for small businesses is Square. The all-in-one solution for payments, POS and inventory management is one of the most popular credit card companies on the market because of its ease of use and plethora of features. Businesses that want great customer support should research Gravity Payments. The company is known for its stellar customer support team that provides 24/7/365 multilingual support without having to navigate automated systems to get help.

When shopping for the best credit card processor for your business, pay attention to the processing fees. For example, Payment Depot and Stripe have different pricing structures. Payment Depot charges between $59 and $99 a month as a membership fee. In exchange, it charges a lower per-transaction fee that benefits companies with a large volume of transactions. Stripe, however, does not charge a monthly fee, but charges a higher transaction fee. This benefits smaller companies that do not have a large volume of transactions.

Stripe offers a number of tools in its software suite that can be used in conjunction with the payment processing to help small businesses be as successful as possible. One of the most popular tools for brick-and-mortar businesses is Stripe Terminal. This card reader enables in-person checkouts. In addition to covering the cost of the card reader, businesses pay a processing fee for each transaction.

Other popular tools include Stripe Invoicing, which allows businesses to create and send invoices, Stripe Billing to help businesses instantly collect one-time or recurring payments via card, ACH and other popular payment methods, and Stripe Radar, which provides fraud protection for payment processing, advanced fraud protection tools and protection from disputes.

Bottom Line

Stripe excels in the e-commerce space. If you have an online marketplace, it is hard to beat Stripe for its advanced reporting tools, automatic payouts, abundance of resources to operate in a global market and ability to create subscription-based business models. With a simple, easy-to-set-up dashboard, a transparent pricing structure and lack of hidden fees, Stripe is the perfect choice to get a new e-commerce business up and running,