Stripe has announced that from 10th April 2023, fees will be increased for UK customers.
Stripe Pricing Increase
Fees for card processing and disputes will be higher from April. The increase is due to higher network costs and underlying service costs.
New Stripe Fees
Please see the comparison table below for new prices, compared to the current pricing.
|Current Price||New Price from 10/4/23|
|Transaction Fee – Standard UK cards||1.4% + £0.20||1.5% + £0.20|
|Transaction Fee – Premium UK cards||1.4% + £0.20||1.9% + £0.20|
|Transaction Fee – International cars||2.9% + £0.20||3.25% + £0.20|
|Transaction Fee – European cards||2.5% + £0.20||2.5% + £0.20|
Reducing Card Processing Costs
We recently posted about Stripe’s new feature, Link – a one click checkout. This helps customers increase conversions whilst reducing card processing costs. Card payments processed via Link start from 1.2% + £0.20 per transaction.
If you need help with Stripe processing, or setting up your e-commerce website to take Stripe payments, please contact our website developers now.