We work with the Stripe payment platform to process your transactions. This PCI Level 1 certified company ensures the security and confidentiality of your customers’ bank data.
Transaction fees of 2.9% + $ 0.30 will be charged to you by Stripe for an online payment and 2.7% + 0.05$ for an in-person payment using a Stripe terminal. 0.6% surcharge for foreign cards. Interac fees are 0.15$ per transaction. These costs are invisible to your customers. No setup or monthly fees. Visa, Mastercard, Discovery and American Express cards are accepted, as well as debit cards identified with the Visa or Mastercard logo.
Subject to your qualification with Stripe as a federally registered charity, the fee will be reduced to 2.2% + $ 0.30. If your monthly sales exceed $ 80,000 you are eligible for a rate reduction.
The net amount of a transaction will be available in your bank account 14 days after the transaction. Subject to change from Stripe – this timeframe was 7 days before the pandemic, so it is already factoring in the situation. Stripe fees are a bit higher than other providers, but they serve to offset the risk of paying customers quickly.
Fees are non-refundable.