Stripe's fees for Credit Card transactions are only 2.9% + $0.30 processing fees per charge. Stripe calls this the 'Transaction Fee'.
You can learn more about how these fees are calculated here.
For ACH Payments 'Transaction Fees' are just 0.8% (max $5) processing fees per charge.
Stripe also charges 0.25% + $0.25 on payments to cover the 'Transfer Fee'.
We've chosen to integrate with Stripe as our Payment Processor for several reasons, namely:
- All in one system helps you get paid faster - No more needing to follow up (or chase down!) the client to secure payments. We've found that 50% of clients pay through Stripe within 5 minutes of sending the quote.
- Secure storage of credit card info - All information is stored securely in Stripe's servers with bank level security. You'll also be able to capture funds in case of damages, missing items, or to cover any other remaining funds.
- Same rates for all cards (you don't pay more for AMEX or Mastercard, nor do you pay more if you key it in instead of the customer).
- You can learn more about the other benefits of Stripe here!