When using Stripe on Squarespace, you'll encounter a combination of costs from both service providers: Squarespace's transaction fees and Stripe's processing fees. Below is a detailed breakdown of these costs.

Squarespace Fees

1. Subscription Plans: Squarespace offers various subscription plans, and the transaction fees vary depending on the plan you choose. As of the most recent update, these are the primary plans:

• Personal Plan: $16 per month (billed annually) or $23 month-to-month. However, the Personal Plan does not support e-commerce functionality.
• Business Plan: $23 per month (billed annually) or $33 month-to-month. There is a 3% Squarespace transaction fee.
• Basic Commerce: $27 per month (billed annually) or $36 month-to-month. No Squarespace transaction fee.
• Advanced Commerce: $49 per month (billed annually) or $65 month-to-month. No Squarespace transaction fee.

Stripe Fees

2. Payment Processing Fees: Stripe charges fees on a per-transaction basis. As of the most recent update, these fees are:

• Domestic Transactions: 2.9% + $0.30 per successful transaction.
• International Transactions: 3.9% + $0.30 per successful transaction, higher in some cases for certain currencies or risks.
• Currency Conversion Fees: Extra 1% fee when payments involve currency conversion.

Sum of Costs

To calculate the total cost for processing a payment, you need to add up Squarespace's fees (if applicable) and Stripe's fees. Here is an illustration with examples:

Example for Domestic Transaction on Business Plan:

• Product Price: $100

• Squarespace's Fee:

• Business Plan: 3% of $100 = $3
• Stripe's Fee:
• Domestic: 2.9% of $100 + $0.30 = $2.90 + $0.30 = $3.20

Total Cost:

• Squarespace Fee: $3
• Stripe Fee: $3.20
• Total Fees: $6.20

Net Amount Received: $100 - $6.20 = $93.80

Example for Domestic Transaction on Basic Commerce Plan:

• Product Price: $100

• Squarespace's Fee:

• Basic Commerce: No fee
• Stripe's Fee:
• Domestic: 2.9% of $100 + $0.30 = $2.90 + $0.30 = $3.20

Total Cost:

• Squarespace Fee: $0
• Stripe Fee: $3.20
• Total Fees: $3.20

Net Amount Received: $100 - $3.20 = $96.80

Considerations and Limitations

1. Volume Discounts & Custom Pricing: For businesses with a higher transaction volume, Stripe sometimes offers custom pricing. Contact Stripe support to discuss if your business qualifies.

2. Subscription Plan Selection: If you plan on processing a high volume of transactions, it may make financial sense to opt for the Basic Commerce or Advanced Commerce plans despite their higher monthly subscription fees, as they do not have additional Squarespace transaction fees.

3. Additional Services: There could be additional costs for payment fraud protection, chargebacks, international transactions, or integrating other third-party services.

4. Updates and Changes: Both Squarespace and Stripe periodically update their pricing structures, so it is advisable to consult their respective websites or customer support for the most up-to-date information.

Conclusion

Using Stripe on Squarespace incurs both Squarespace's subscription fees and additional transaction fees depending on your chosen plan, as well as Stripe's payment processing fees. For the most accurate financial planning, consider your sales volume and the nature of your transactions (domestic or international), and consult the latest pricing directly from Squarespace and Stripe.