All payments processed through Stripe will be charged at the following rates inclusive of TutorCruncher’s fee:
For UK companies:
Pay as you Go: Stripe payments will cost 2.65% of the amount charged.
Startup: Stripe payments will cost 2.3% of the amount charged.
Note: For companies using Split Payments, there is an additional 0.15% fee per transaction.
For US companies:
Pay as you Go: Stripe payments will cost 3.85% of the amount charged.
Startup: Stripe payments will cost 3.5% of the amount charged.
Note: The above fees will update in line with our new pricing model, which will be released soon.
Additional fees for international payments
There is an extra fee for international payments - at which point this fee is applied will depend on how the Client is being charged within TutorCruncher:
All international cards are charged at an additional 1.5% of the amount charged.
If you’re using Ad Hoc Charges to charge Clients in foreign currencies, this payment is deposited into the Stripe account of your company, but will be held separately from your regular cash flow. It will instead be kept in a separate account balance for foreign currency earnings. When this separate balance is drawn down from Stripe into a local currency bank account, a currency conversion fee of 1% will be incurred.
Some card types may be charged at a higher rate
Certain card providers cost a lot more to process - we charge an extra 2% fee per transaction for the following card types:
American Express
Diner’s Club
JCB
Any prepaid debit/credit cards.
Frequently Asked Questions
Can I choose whether to accept Premium Cards?
Yes - within your Stripe Account Settings, you can navigate to the Settings tab where you will find an ‘Accept American Express cards’ checkbox. You can toggle this checkbox to allow/prevent American Express card payments on your TutorCruncher platform.