Hello I am making an android application in which I am using Stripe payment method. Users can buy products through the app. I want User to only pay product price but not transaction charges. First I want to know that normally who pays the transaction charges the Buyer or the Seller ?
1 Answers
2
votes
Stripe charge(deduct fee) from the money you are asking to the buyer
So, if you ask $10 from a user, then you will receive NET $9.41. $0.59 will be charged by Stripe.
If you want to pay Stripe fee from user then you have to calculate 2.9% of actual price + ¢30 to set the price. Example: for $10 product you have to ask $10.61 to buyer.
You can check it in your test setup
You have to find the Balance in Payments section in Dashboard. You can check NET amount seller received and total amount buyer paid.
