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What's the ballpark figure for the payments for this side project? $200 seems extreme unless your side project is charging $10,000~ per payment.
by cinericius 4y ago
What's the ballpark figure for the payments for this side project? $200 seems extreme unless your side project is charging $10,000~ per payment.
- oldstrangers 4y agoAmount $4,500.00 Fee $310.80 > Application fees: $180.00 > Stripe processing fees:$130.80
- 0xDEF 4y agoThat is insane. Why is there no other developer-first payment service like Stripe?
- lmz 4y ago130 / 4500 is roughly 2.9% which seems reasonable - application fees are from the third party application ("platform") you use: https://stripe.com/docs/connect/direct-charges#collecting-fees https://stripe.com/docs/connect/direct-charges#collecting-fe... Some on this forum may even say it's great that the APIs provided enable someone to build this additional payment app on top of Stripe that makes it easier for you to take payment in exchange for a 180 / 4500 = 4% cut. However maybe you should look into lower cost payment methods if possible.