Stripe Standard Connect accounts have the following schema of fees (assuming that the platform collects a $1 fee):
terminal┌──────────┐ $10 | | $10 ┌───────────────────┐ Customer ─────> | Platform | ─────> | Connected Account | | | └───────────────────┘ └──────────┘ <───────────────┘ | $1 fee | | ($10 · 2.9%) + $0.3 = 0.59$ fee | ˅ ┌────────┐ | Stripe | └────────┘
Here is the equivalent table:
terminal| Who | Pays ($) | Collects ($) | Net ($) | |-------------------|-----------|--------------|---------| | Customer | 10 | - | -10 | | Platform | 10 + 0.59 | 10 + 1 | 0.41 | | Connected Account | 1 | 10 | 9 | | Stripe | - | 0.59 | 0.59 |
Hi, I'm Erik, an engineer from Barcelona. If you like the post or have any comments, say hi.