🇬🇧 UK Stripe Fees for Marketplaces & Platform model

Are the stripe processing fee and pricing confusing to you? Here are the UK Stripe Fees example and calculator to give you clarity. The below examples suit if you are running a marketplace platform, subscription billing, and custom two-sided logic.

Example of companies which falls under this model are Amazon, Airtasker, Instacart, Lyft, Deliveroo, Postmates, Etsy, Depop, etc

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If you are looking for video explanation

Here is short video:

Here is a long video which is explained using Tradly Marketplace Apps.

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Definitions to understand

• Platforms means your marketplace. or the platform you run. Exmaple: Amazon
• Payment: Money going into Stripe Connect when a user make transaction
• Payout: The Money goes out to seller

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How Tradly and Stripe works together

This applies to most product marketplaces with commission as revenue model.

The flow of Stripe Charges, Payout, and Tradly Triggers

Launch Marketplaces with Stripe connect and Tradly API

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Stripe Payment Processing Fee

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Charges 1.4% + 20p per successful card charge

Tradly supports standard and express but the marketplace needs “Express” because it allows “Separate Charges and Transfer” logic.

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Stripe Payout Charges for marketplaces

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£2 per monthly active account*

* An account is active in any month payouts are sent to their bank account or debit card. Includes ongoing onboarding, verification, and compliance.

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0.25% + 10p per payout sent

Additional “1% of Payout Volume” if you opt for Instant Payouts. Tradly usually don’t recommend this, you can simply use normal method which takes 2+ working days.

if you have sellers from non-home country, and currency conversion is required, an additional fee will apply: 1% for US accounts and 2% for non-US accounts.

You may think it’s a lot. Yes but this provides you lot of automation. Otherwise you can build systems to automate this payout to reduce all this cost. That’s not easy though.

The stripe connect fee for UK Marketplaces Platforms

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Time taken for different steps

• Payment Charges (Immediately seen in your account but will not be added in balances, it takes 2-5days)
• Transfers (Immediate if you have positive balance)
• Payout (Payout will take another 2-5days depends on the bank)

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Example calculation

Use this sheet if you want to do your own calculation

Stripe Fee calculation