Stripe - Passing on the fees to students
Couple of things about stripe transaction fees:
Say if the fees are to be added separately borne by the student, then the student will also end up paying fees on those fees.
Eg: For USD 100, if the transaction charge paid by the student is 5%, then stripe will charge a fee on USD 105. So you will end up paying USD 5.25 as the charges to Stripe.
For every country the transaction charges are different.
In some countries, charging students is against the law.
Please refer to this: https://stackoverflow.com/questions/66925669/whats-the-recommended-way-to-pass-on-stripe-fees-to-customers-on-subscriptions
Hence we do not provide this option for our customers using Stripe internationally.
Say if the fees are to be added separately borne by the student, then the student will also end up paying fees on those fees.
Eg: For USD 100, if the transaction charge paid by the student is 5%, then stripe will charge a fee on USD 105. So you will end up paying USD 5.25 as the charges to Stripe.
For every country the transaction charges are different.
In some countries, charging students is against the law.
Please refer to this: https://stackoverflow.com/questions/66925669/whats-the-recommended-way-to-pass-on-stripe-fees-to-customers-on-subscriptions
Hence we do not provide this option for our customers using Stripe internationally.
Updated on: 02/09/2024
Thank you!