I'm Mike Singer, the founder & developer of Snappy Checkout. I'm here to help if you have any questions that are not covered below. Feel free to email me anytime.
How much does it cost to sell a product with Snappy Checkout?When you sell a product or charge a subscription with Snappy Checkout, you'll pay 2.9% + 30¢ to Stripe or PayPal to process your customer's credit card transaction (none of this fee goes to Snappy Checkout). On top of that fee, Snappy Checkout will charge you a fee of either 2% or 50¢ (whichever is lower).
When am I charged these fees?Snappy Checkout allows you to collect payments via both Stripe and PayPal. Your fees will be removed at different times depending on which of these two payment processes handles the transaction.
When you collect a payment with Stripe, both Stripe's fee and Snappy Checkout's fee are instantly removed from your earnings at the time of sale. The remainder of your earnings will immediately be available in your Stripe account.
When you collect a payment with PayPal, 2.9% + 30¢ of the fee is instantly removed from your earnings at the time of sale. The remainder of your earnings will immediately be available in your PayPal account. Snappy Checkout will bill the remaining 2% or 50¢ (whichever is less) fee to you at the end of the month. The fee is split like this because PayPal does not currently allow the Snappy Checkout fee to be removed at the time of sale.
Here are a few examples to show how these fees work:
Example #1 (Stripe):
Your customer buys a product that costs $10. The payment is processed by Stripe.
Example #2 (Stripe):
Your customer buys a product that costs $100. The payment is processed by Stripe.
Example #3 (PayPal):
Your customer buys a product that costs $10. The payment is processed by PayPal.
Are the fees returned when a payment is refunded?When a payment is refunded:
How do Snappy Checkout's fees compare?Most companies charge a flat transaction fee to process payments. Instead of going with the flow, Snappy Checkout charges a fee for the service being offered. This means you'll always be charged a fair fee no matter if you're selling inexpensive products or expensive products.