Here's what you need to know about transaction costs for annual memberships, currencies and payment methods.
Steady uses different payment providers for selling memberships: Paypal, Apple Pay and GoCardless for direct debit payments and Braintree for credit card payments. This results in transaction costs. Steady passes these costs on to creators. They vary depending on the currency in which a creator offers their memberships.
Payment costs vary depending on the currency in which a creator offers their memberships. There are also differences in billing depending on whether members have taken out a monthly or an annual membership.
Here is an overview of the transaction costs according to payment method and currency.
Transaction costs for creators in EUR and USD, related to the gross price of a membership
When paying with... |
|
Direct debit | 1% plus 20 cents |
Credit card | 1.9% plus 30 cents |
Apple Pay | 1.9% plus 30 cents |
PayPal | 2.49% plus 35 cents |
Transaction costs for creators in other currencies, related to the gross price of a membership
For payments in... |
|
Swedish crowns (SEK) | 2.49% plus 3.25 SEK |
British Pound Sterling (GBP) | 2.49% plus 20 p |
Swiss Franc (CHF) | 2,9% plus Fr. 0.55 |
Danish krone (DKK) | 2,9% plus kr. 2,60 |
Norwegian krone (NOK) | 2,9% plus 2.80 kr |
Polish Złoty (PLN) | 1,9% plus 1,30 zł |
Hungarian forint (HUF) | 1,9% plus 100,00 Ft |
Czech koruna (CZK) | 1,9% plus 10,00 Kč |
South African Rand (ZAR) | 2,9% plus R 5 |
Watch out for chargebacks
Steady will pass on the costs that arise in the case of chargebacks or incorrect processing to the creators:
For payments by direct debit, the cost per chargeback is €3.50.
For payments by credit card, the cost per chargeback is €30.
Passing on transaction costs
Steady converts transaction costs incurred in euros into the corresponding currency for projects that are paid out in currencies other than euros, using the currency service openexchangerates.org.
The transaction costs that the payment providers charge and that we pass on to the creators are subject to change.