Here's a straightforward breakdown of our fee structure, how these fees are applied, and your options for managing them:
Platform Fee
- What is it? A 5% fee is applied to all transactions made through your storefront to support app maintenance and enhancements.
- Exceptions: There is no platform fee for manually placed orders, and we refund this fee if an order is refunded.
Processing Fee
- What is it? Stripe, our payment processor, charges a fee of 2.5% + $0.30 per transaction, applicable only to electronic payments made through the storefront.
- Responsibility: As the bakery owner, you are responsible for these processing fees.
Managing The Fees
- Platform Fee Choices: You decide who pays the platform fee—you, your customers, or split between both. Adjust these settings on the Tips, Taxes, and Fees page within the app.
- Stripe Fee: This fee is typically covered by you, the business owner.
Frequently Asked Questions
Q: What if I refund an order?
A: The customer will receive a full refund to their original payment method. We also refund any platform fees for refunded orders; however, Stripe’s processing fees are non-refundable.
Q: Can I absorb all the fees?
A: Yes, you can choose to absorb all fees, including platform and processing fees, to offer a seamless experience to your customers.
Q: How secure is my financial information with Stripe?
A: Stripe is highly secure, employing advanced encryption and security measures to protect your financial data