INTRODUCTION
Feature Summary: Understand the cost of processing payments with Stripe.
Use Cases: Process fees and open reports to see monthly transaction costs.
A different article shows system users how to integrate Stripe, add API keys, and start processing online payments.
PREREQUISITES
The club must have a Stripe merchant account. Sign up here.
Stripe Fees
Credit card fees are 3.1% and $0.30 per transaction
ACH/eCheck fees are 1%
These fees include 0.2% that is charged by CourtReserve as indicated on the payments page monthly. This is calculated each month and assessed on the monthly invoice. Go to the side menu and click the SUBSCRIPTION tab.
Stripe takes their fees out before they issue their payouts into your account each month. Systems users can also find this information and see the breakdown on Stripe's Dashboard.
To see previous invoices, click the Payment History button at the bottom of the Manage Your Subscription page. Locate a past payment and click the Details button.
STRIPE DEPOSITS
The expected timeframe for Stripe to deposit to your merchant account is 24 hours. Stripe charges may be reviewed in detail at any time on the Stripe Dashboard of your merchant account.