Use this formula to easily calculate Stripe fees, regardless of the specific percentage or fixed fee:
(Invoice Total x Percentage Fee)/100 + Fixed Fee
Example 1:
You bill a client for $50 via the digital Payments tool.
The fees for a digital wallet are 2.9% of the total amount plus a fixed fee of $0.30, which comes out to $1.75.
After deducting fees, you will earn $48.25.
Example 2:
You bill an in-person customer for $15 using the Stripe Terminal for card processing.
The fees for Terminal card processing are 2.7% of the total amount plus a fixed fee of $0.05, which comes out to $0.45.
After deducting fees, you will earn $14.55.