What is covered in this article?
Why is this important
Enquiry Tracker integrates with the Stripe payment gateway and Stripe will also add two fees onto any amount you are processing. These are a flat fee and a percentage of the transaction and will be explained in your stripe account.
Some schools' will absorb this expense , while others may wish to pass it on. This article helps you determine what fee you should set if you wish to pass on the Stripe fees to those submitting a payment on a form submission
Instructions
Follow these steps to determine the right amount to set as the fee for your form
- Download the Spreadsheet
- Enter in your desired fee in B1 that you want to receive for the transaction i.e. $50
- To determine the fee you need to enter in to Enquiry Tracker, you must verify the percentage and flat fee
- Enter the Rate Cell A4 ie. 1.75% - change this if needed
- Enter the flat feel per transaction in cell B4 i.e. 30c
- The amount you should set in Enquiry Tracker is displayed in cell B3 i.e. $51.20 and based on the formula and fee structure from Stripe you should still receive the correct amount of $50
Read this article to learn where to enter the Fee amount for you Apply form.