Stripe / Paypal: What are they + What Transaction Fees Am I Paying?

In this article:

• What are Stripe's transaction fees?
• What are PayPal's transaction fees?
• What are Pillar's transaction fees?

What is Stripe? Stripe is a payment service processor - you can read more about Stripe here

Stripe's Transaction Fees

Stripe charges:

• 2.9% + $.30 per transaction
• .25% + $.25 per payout (min. $1)

If you're taking advantage of our Buy Now, Pay Later feature(s), you will instead be charged:

• 5.99% + $.30 per transaction if payment is processed through Klarna
• 6.0% + $.30 per transaction if payment is processed through Afterpay
  • High Ticket Orders / Sales: Afterpay & Klarna both have a 6 or 12 month installment schedule + the interest rate is decided based on a soft credit check.

Stripe transaction fees can vary based on your location and/or the location of the purchaser / customer.

Additional fees may occur including the following:

• + 0.5% if the payment is recurring (e.g. memberships)
• + 1.5% for international cards
• + 1% if currency conversion is required

To learn more about Stripe's fees, click here.

What is PayPal? PayPal is a secure online payment processor that allows users to send and receive money, make purchases, and more - you can read more about PayPal here!

PayPal's Transaction Fees

PayPal charges:

• 3.49% + fixed fees based on the currency received

PayPal charges:

• 3.49% + fixed fees based on the currency received

You can learn more about PayPal fees here.

Pillar's Transaction Fees

Please note, the above transaction fee(s) are charged by the Pillar Platform for your sales.

In order to start selling on Pillar, though, you'll need to connect with one of our offered payment processors (Stripe or PayPal).

Both of these payment processors charge their own transaction fees, and you will be charge that fee per sale depending on whether you connect with Stripe or PayPal.