The right eCommerce solutions for your online business are critical. Uptime is of primary importance but you're a growing business and enterprise solutions are overkill. This is where Arcane shines. Our engineers are 10+ year ecommerce veterans, having performed dozens of integrations with SAP, Oracle, BlueCherry, TradeGecko, and many other ERP and CRM solutions, plus every major gateway. Explore our selection of ecommerce hosting support services!
Introducing Stripe Terminal Standalone POS. This Verified Stripe Partner application will convert your Stripe account into a point-of-sale checkout portal when using Stripe, BBPOS, and Verifone devices with the Stripe Terminal. No website required!
Introducing the first and only Stripe Terminal plugin for WooCommerce. This Verified Stripe Partner plugin will convert your WooCommerce store-front into a point-of-sale checkout portal when using a Verifone, Stripe, and BBPOS devices with the Stripe Terminal.
Need managed cloud support for a web app? Arcane's managed services monitors both your servers and websites to take immediate action in the event of downtime. With access to ticketing and a dedicated phone line, you can ensure that Arcane takes hands-on action, 24/7, with U.S.-based engineers to keep your business moving.
Your online business needs white glove treatment with the right enterprise solutions. Uptime is of primary importance and when it comes to enterprise hosting support, you only want the best! We totally get that. Our enterprise clients include multi-million dollar and Fortune 500 companies looking for fast response rates and expert precision. Our solutions handle and process upwards of 50,000 concurrent users and more than $1 million in transactions daily!
Introducing Stripe Terminal Standalone POS. This Verified Stripe Partner application will convert your Stripe account into a point-of-sale checkout portal when using Stripe, BBPOS, and Verifone devices with the Stripe Terminal. No website required!
Need managed cloud support for a web app? Arcane's managed services monitors both your servers and websites to take immediate action in the event of downtime. With access to ticketing and a dedicated phone line, you can ensure that Arcane takes hands-on action, 24/7, with U.S.-based engineers to keep your business moving.
With over a decade of experience in building teams at various agencies, Arcane Strategies knows exactly how target efficiency and speed to market. Our operations consulting team will help you create systems, both automated and human, which reduce overhead.
Your small business values your website and digital assets but downtime could stop your business in its tracks and you need to be budget-conscious about your small business solutions. Perhaps you're running an informational website or maybe you have a light ecommerce interface on Shopify or WooCommerce. Arcane has ways to help support and optimize your assets with our small business hosting support services.
Introducing Stripe Terminal Standalone POS. This Verified Stripe Partner application will convert your Stripe account into a point-of-sale checkout portal when using Stripe, BBPOS, and Verifone devices with the Stripe Terminal. No website required!
Introducing the first and only Stripe Terminal plugin for WooCommerce. This Verified Stripe Partner plugin will convert your WooCommerce store-front into a point-of-sale checkout portal when using a Verifone, Stripe, and BBPOS devices with the Stripe Terminal.
Need managed cloud support for a web app? Arcane's managed services monitors both your servers and websites to take immediate action in the event of downtime. With access to ticketing and a dedicated phone line, you can ensure that Arcane takes hands-on action, 24/7, with U.S.-based engineers to keep your business moving.
by Mike Ricotta - June 5, 2020
Many merchants wonder how to compare Stripe vs Square fees and other Payment Gateway Fees. While helping many businesses with creating online and in-person payment solutions, we have been asked why we prefer Stripe’s solution over others. While there are many factors to consider when making this decision, Fees are usually one of the first to come to people’s minds.
All payment gateway or merchant services providers charge both monthly fees (sometimes annually) and per-transaction fees. They change from provider to provider and depending on what type of transaction you are conducting. These fees are only part of the overall costs of taking credit card transactions.
There are generally three types of fees you will pay for using a payment gateway solution; Transaction fees, Flat fees, Incidental fees.
Transaction fees are typically a percentage of the bill and a fixed amount. Most providers charge an online transaction fee of 2.9% + 30¢ per transaction. Others will give you a discounted rate for in-person transactions, like Stripe Terminals fees of 2.7% + 5¢ fee per transaction.
Flat fees are paid to the gateway or merchant provider. You can think of Flat fees as your subscription to use the payment solution software, costing anywhere from $25 to $50 a month.
Incidental fees are charged in the event of a problem with a transaction. Chargeback or non-sufficient funds are the most common here.
As Transaction Fees have the biggest impact on a business, we are only going to focus on these in our calculations.
We have created a calculator where you can enter your business’s daily/yearly transaction numbers and the average price to help determine which payment gateway or merchant services provider fees work best. Click on the link below to use the Google Sheet Fee Calculator to Compare Payment Gateway Fees:
Gateway Fees Per Provider Calculator
Simply enter your business’s; Average # of transactions per day or year, average cost of each transaction, and % of in-person sales. The calculator will show you how much you will pay in fees for each provider. You can see in the tables the yearly amount of fees for both online and in-person.
We have also created a table showing the fees from the different providers for both online and in-person transactions if they charge for different rates. Providers like Stripe and Square charge a different rate for in-person transactions.
Did you just find out that you are interested in switching to Stripe or adding Stripe Terminal? We can help you with that! Arcane has been working with Stripe for several years and has recently created a plugin that connects Stripe Terminal and WooCommerce. Creating a single point of customer data and inventory while providing an in-person POS solution. You can learn more about our plugin here.
Contact Arcane Strategies today if you would like to learn more about how changing your Payment Gateway provider can save you thousands in transaction fees.
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Mike is a veteran of Madison Avenue digital media, with over a decade of professional experience. As an expert in digital media, Mike has been a partner in founding several web and apps products, has built 3 international development teams through acquisition, and appeared on media networks and publications such as CNBC, Fox Business, Bloomberg, Business Insider, and CIO Magazine, among others. More information on Mike may be found on his personal website: https://www.michaelricotta.com/