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.
Updated on: 02/09/2024
Thank you!