Stripe: The Easiest Payment Solution For LeagueApps Partners
By Brian Litvack
August 7, 2012
Setting up a payment solution was often the one tricky item that could get in the way of quickly processing registration payments through the LeagueApps system. It was just way more complicated and expensive than it needed to be. That changes today!
LeagueApps is excited to announce a new partnership with the Stripe payments platform. Stripe has a number of incredible benefits for sports leagues, events or tournament registration.
Get Setup in Minutes
It takes just a few minutes to get setup and begin processing online registration transactions. The Stripe online application form asks for basic information and partners are approved instantly. Accounts can be created by using either a personal social security number or a business EIN number. The entire process can be completed online right within the LeagueApps setup flow. Read the LeagueApps help article to learn the exact steps to setup your LeagueApps account with Stripe.
No longer are the days of having to learn about payment gateways, merchant accounts, rolling reserves, API keys or completing lengthy applications!
No Setup or Monthly Fee
That’s right. With Stripe there are no setup fees, no monthly fees, no card storage fees, no hidden costs: you only get charged when you earn money.
A major sticking point for some of our partners was around monthly service fees. This was especially problematic for smaller organizations that did not have the budget to incur monthly fees or seasonal leagues that only have registration periods once or twice per year.
Flat Transactions Fees
Stripe charges a flat fee of 2.9% + 30¢ per transaction for all payments including American Express cards (which often have higher fees). This flat rate makes it easy to project payment processing costs for your organization.
Payments Direct To Your Bank Account
Enter your bank information into your Stripe account and payments will flow directly into your bank account once the payments are cleared. Every day, Stripe transfer the money that you charged seven days previously. Note that all funds are automatically transfered to your account (7 days from time of transaction). Nothing to do, nothing to worry about!
If these benefits are intriguing then the Stripe solution might be the right one for your organization. Be sure to learn all about the different payment solutions that can be integrated into LeagueApps. Contact us at 1-800-257-3681 to discuss the best option for your organization.