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by iwaffles 2839 days ago
I don't think the fees stack like that. The terminal page says 2.7% + $0.05 per transaction. I believe that Stripe Connect doesn't take an extra fee, at least not in my experience.
1 comments

It does. It takes a percentage of the connected user’s sales AND a $2.00 monthly fee per user AND the normal transaction fee.
If there was a competitor to Connect, I would use it. Fees end up being around 3.4%. That’s pretty hard to sell customers on.
So 3.4% for card present? That will not fly except with the smallest of businesses. (which is not where the profit is).