With Stripe Surcharge you can charge your customers a fee for the use of their Credit Card. This can be a fixed amount or a percent fee in your WooCommerce or Classic Commerce store.
Why charge a surcharge? Because transactions are expensive, especially if you deal with disputes and chargebacks. Which is a common occurrence when accepting Credit Cards. On top of that, transaction fees can be a huge burden for online stores, I know they are for me… Either way, Stripe Surcharge can help you out.
As you know, Stripe charges you a fee that you have to pay for every transaction, this running cost makes running a profitable business harder every year. Especially for smaller WooCommerce or Classic Commerce sites.
Credit Cards are an essential part of revenue. Millions of people use a credit card every day. Not accepting credit cards on your site is almost unthinkable. Many businesses can not afford to stop not accept credit cards as a payment option because so many potential customers use and rely on their credit card.
Percentage or Fixed amount
With Stripe Surcharge you can charge your customers a percentage fee or fixed amount on top of their cart total in WooCommerce or Classic Commerce.
The surcharge is added only if the buyer selects the Stripe Credit Card payment gateway on checkout. And is removed if they select another payment gateway.
Note: Keep in mind that charging an extra fee also raises your transaction cost slightly. Set your surcharge to a sufficient amount.
Advise: It is smart to amend your FAQ or Terms of Service to inform people about the surcharge. Nobody likes surprises.