Rental Transaction Fees
Here is how the fees breakdown if you are accepting payment (online, over the phone and in person) through SpaceFinder:
1.5% of the rental amount goes to arts non-profit Fractured Atlas; these funds are split with our local partners to sustain SpaceFinder websites as a free resource for artists.
- 2.9 % + $0.30 of the rental amount goes to payment processor Stipe; this is the cost of secure online banking transactions.
These are the only fees. There are no monthly payments and no fees for refunds (that's right, we said "NO FEES FOR REFUNDS", which is huge for rentals business where cancellations are natural part of business, those refund fees can really add up).
Rental revenue automatically deposits to your bank account on a 2-day rolling basis.
In deciding if processing payment through SpaceFinder's Booking Engine is right for your rentals business, ask yourself these questions:
Am I missing out on bookings because I only accept cash or check?
Am I spending too much administrative time processing and depositing cash and check?
Am I being asked for analysis of my rentals revenue, but it isn't all in one place where I can export it?
- How much am I paying per year in refund fees with my current credit card processor?
See below for how the math breaks down:
|Credit Card Processing||$2.90+.30|