Stripe payment charges

1

Hi there,
Have you found that Stripe charges are very high when someone purchase an item from your shop?
I have just compared with PayPal and it seem almost double to what PayPal is charging
Sold something for £43.95 and received £39.96, charges £3.99.
Is this normal or should I query?

Thanks for your feedback x

2

I don’t have stripe but I remember from when it was 1st intoduced that the Folksy Fees are also included in the Stripe fee so you won’t be charged a seperate selling fee by Folksy.

3

As Kim says Stripe collects folksy’s fees for them at the point of sale so they won’t be included in your end of month bill (there is a section on the bill detailing the fees that stripe has collected on behalf on folksy). Stripe’s fees are lower than paypals (1.4% +20p vs 3.4% +20p).

4

Thanks Kim for your feedback. I should have checked the terms before questioning but i was just shocked as i was already paying for the postage as i offered free postage on this item which seemed like a big loss xxx

5

Thanks for the feedback Sasha much appreciated xx

6

@KBCreations I have been charged seperate Fees from Folksy and Stripe

7

@SashaGarrett I have been charged fees from Folksy and Stripe

8

@KBCreations and @SashaGarrett I stand corrected, just had another look and although they were listed, they were marked point of sale and the fees I paid were for Paypal😥

1 Like
9

Thanks ladies for all your feedback and info.

I suppose overall nothing we can do but pay!

Have a lovely day further

Regards x