What are the payment options and how do they compare?
Stripe Vs Paypal Fee Calculator
TOTAL FEES
YOU WILL RECEIVE
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TOTAL FEES
YOU WILL RECEIVE
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The amounts are calculated based on the US Stripe fee of 2.9% + $0.30 per transaction.
Paypal increased its fee to 3.2% + $0.49 per transaction as of Aug-2021
Frequently Asked Questions
The cost of each payment received through Stripe is 2.9% plus US$0.30 for sales paid using a US credit card to a US Stripe customer. For international credit cards you will have to add an additional 1% to the normal fees (3.9% + $0.30 per transaction) More information is available on Stripe's website.
Paypal charges 3.49% plus US$0.49 for sales paid using a US credit card to a US Paypal pro customer. More information is available on Paypal's website.
The short answer is yes. Both Stripe and Paypal fees are different from country to country. The fees are also different depending on your invoicing method (ACH vs credit cards). Visit your local Paypal and Stripe website to discover the specifics about your local Paypal and Stripe processing fees and limitations.
From using a different payment processor such as Square or getting paid by Bitcoin (through third party providers such as Coinbase), you can find different alternatives that could work for you and your students.
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