This article outlines the fees and timelines associated with processing online rent payments with Stripe, including transaction costs, deposit timing, and refund expectations.
Payment Processing Details
Costs
- Credit/Debit Cards: 4.95%
- Checking Accounts: 1% + $5
Processing Times
- Funds are deposited into your account within 5–7 business days.
- Note: the first payment may take longer, depending on your banking institution.
- Refunds typically take 7–10 business days to process and require sufficient funds in your Stripe account. If the funds are in your bank account, you must add them to your Stripe account first.