What would be the math to calculate out Stripes payout fees (0.25% $0.25/payout) from each transfer to a Connect account?
FYI - Stripe takes the fee from the total amount of all transfers, but I need to compute it out for each transfer I send.
ex. I want to transfer $100.00 => 10000 cents
- 10000 cents - 25 cents(1st transfer in a pay period only) = 9975 cents
- Here's where I get lost/confused - I can't take out 0.25% of 9975 (~25cents) because Stripe will only charge a fee from the remaining amount I send ~9950 cents. So the fee I took (~25) is too high for the amount I sent to payout.
Can anyone help me with the math?
CodePudding user response：
you can look over here for my approach: https://stackoverflow.com/a/70775321/2434784
But some of the tl,dr is yes, you can just use the straight-forward approach above. Since the fees are currently 0.25%, you will only be off by 0.25%/(1 0.25%) - not much of a concern. Reserve the pessimistic amount, and reconcile each month with Stripe's actual charges.
CodePudding user response：
you can reach out to Stripe support to clarify the fees https://support.stripe.com/contact.