Processing/Cover Fees
I know what you're thinking...what in the world is that?! 👆
That's the equation Stripe uses to calculate the cover fee - crazy, huh? Don't worry!
We know it's a pretty complex equation for something as simple as covering process fees, but processing fees can be tricky like that and we want to ensure your donor covers all of the fees so that 100% of their intended donation amount can go to your organization. 👍
To include the Stripe fee in the final charge, calculate the gross amount, taking into consideration that increasing the final amount also increases the Stripe fee: the Stripe fee is a flat fee plus a percentage of the total charge. The flat fee and the total charge percentage must be factored into the final charge amount to ensure that you receive the desired amount, after Stripe deducts the fee from the charge.
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