GrossupACH bank transfer fee calculator
To receive $5,000.00 by Stripe ACH Direct Debit, invoice $5,005.00: the fee is capped at $5.00. By US card on Stripe, the same $5,000.00 takes $5,149.64.
Stripe ACH Direct Debit: 0.8%, capped at $5.00.
- Fees on this payment$5.00
- You receive$5,000.00
- Fees as a share of the invoice0.10%
Every rate at this amount
| Payment | Rate | Fee | You receive | Invoice |
|---|
The numbers, worked
Bank payments charge a percent with a cap, so on large invoices the fee stops growing. Stripe lists ACH Direct Debit at 0.8% capped at $5.00, PayPal lists Pay by Bank on an invoice at 1% capped at $10.00, and Square lists a bank transfer on an invoice at 1% with a $1 minimum and a $10 cap.
Stripe ACH on $5,000.00: 0.8% would be $40.00, so the $5.00 cap applies and you invoice $5,005.00. PayPal Pay by Bank: 1% would be $50.00, capped at $10.00, so you invoice $5,010.00.
Stripe's card fee on the same payment is $149.64. The table shows each rate at the amount you type.
Questions
When does the cap start to matter?
Stripe's 0.8% reaches $5.00 at a $625 payment; PayPal's and Square's 1% reach $10.00 at $1,000. Above those amounts the fee stays the same.
Why does the calculator add exactly the cap?
Once the fee is capped it no longer depends on the invoice, so the invoice is the amount you want plus the cap.
Does the cap apply to every bank payment?
Each processor states its own cap: Stripe's ACH Direct Debit $5.00, PayPal's Pay by Bank $10.00, Square's bank transfer on an invoice $10.00. Pick each rate above to see it.
Related
- Grossup: what to invoice to receive any amount
- Stripe invoice fees
- Square invoice fee calculator
- PayPal invoice fee calculator
Sending this every month? The card fee invoice template puts the fee line on each invoice.