Using Stripe for International Payments | How Much Are the Fees?
Our company uses Stripe, an online payment service that allows us to accept credit card payments. It also supports payments made with credit cards issued overseas.
Recently, we had a web meeting with a Stripe representative and learned more about the fees and some important points regarding international payments.
First, let's look at the transaction fees.
- Basic card processing fee: 3.6%
- Currency conversion fee (if required): 2.0%
- Radar fee: ¥8 per screened transaction
One important point is that consumption tax of 10% also applies to these fees.
For example, if we receive a payment of ¥1,000,000 and currency conversion is required, the calculation would be approximately as follows:
① Processing fees:
¥1,000,000 × (3.6% + 2%) + ¥8 = ¥56,008
② Consumption tax:
¥1,000,000 × (3.6% + 2%) + ¥8 = ¥56,008
② Consumption tax:
¥56,008 × 10% = ¥5,601
Total fees: ① + ② = ¥61,609
Total fees: ① + ② = ¥61,609
In other words, the effective cost would be approximately 6.16% of a ¥1,000,000 payment.
That may sound quite expensive.
At first, We thought so too.
However, after experiencing how difficult it can be to receive international bank transfers — including preparing the required documents and going through a bank's review process — We have started to feel that Stripe's fees are not necessarily unreasonable.
That may sound quite expensive.
At first, We thought so too.
However, after experiencing how difficult it can be to receive international bank transfers — including preparing the required documents and going through a bank's review process — We have started to feel that Stripe's fees are not necessarily unreasonable.
Below are some additional points we learned from the Stripe representative.
▶ Payment Amounts on Stripe
According to the Stripe representative, Stripe itself does not impose a specific restriction simply because a transaction amount is large.
However, the system may issue an alert if it determines that a transaction presents a risk based on the actual payment and transaction circumstances.
In addition, country-specific restrictions may apply. These restrictions are outside Stripe's control, so it is important to check the regulations and payment conditions in the customer's country.
▶ Debit Card Payments
Debit card payments can also normally be processed through Stripe.
▶ Debit Card Payments
Debit card payments can also normally be processed through Stripe.
However, because the available balance in the customer's bank account effectively determines how much can be paid with a debit card, such payments may have a higher chance of failure than ordinary credit card payments.
Country-specific restrictions may also affect whether a payment can be completed successfully.
▶ A Note About the Radar Fee
The ¥8 fee is charged per screened transaction, rather than simply once per successful payment.
▶ First Payout
We were also informed that the first payout from Stripe may take approximately 7 to 14 days.
This is an important point to keep in mind when using Stripe for the first time.
▶ A Note About the Radar Fee
The ¥8 fee is charged per screened transaction, rather than simply once per successful payment.
▶ First Payout
We were also informed that the first payout from Stripe may take approximately 7 to 14 days.
This is an important point to keep in mind when using Stripe for the first time.
We would also like to take this opportunity to thank the Stripe representative for taking the time to answer our questions so thoroughly.
English edited and translated with ChatGPT
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