How Fees Work

Information about Fees and Charges

Introduction

BuyMeABeer costs nothing to sign-up and create your account, there are no monthly fees or charges.

Stripe Fees and Charges

Your BuyMeABeer account is linked to a Stripe Connect account that receives payments and subscriptions from your supporters. Your connected account is responsible for Stripe fees, refunds, and chargebacks and are subject to Stripe processing fees that vary depending on country, payment method used, if currency conversion is required. In addition BuyMeABeer.online charges a 5% platform fee per payment which is automatically deducted from the transaction.

Currency Conversion

Our platform accepts payments in 135+ currencies and will automatically convert those to your local currency.

Example - USD customer

If the Stripe account is based in the USA, the checkout process for one-off payments or subscriptions will be presented in USD as the settlement currency. Your supporter if based in USA will be presented payment methods in USD and there will be no currency conversion charges. If the supporter is based in another country e.g France they will be presented a Payment page in EUR that is the converted value of your donation or subscription amount, and they will be charged in their local currency EUR. Your account will be subject to the currency conversion charge from EUR (presentment currency) -> USD (settlement currency)

Card Fees

Stripe has different acquiring fees for card usage based upon whether they are domestic or international cards. For example a United Kingdom domiliced customer making a GBP payment with domestic card issued from a United Kingdom bank will have lower fees than making a payment with card issued in Europe which will have higher fees.

Example Payment

For a AUD $10.00 payment made by a customer in Australia on a domestic card, there would be a AUD $0.97 in taxes, Stripe and BuyMeABeer fees and you would receive AUD $9.03