Payment Method - Stripe

Last updated on Wednesday, 6 June, 2018 - 16:13
Stripe

Setting Up With Stripe As A Payment Method

  • Set up a Stripe account here
  • Find your Stripe API keys here
  • Log in to Booth Book system, navigate to and click on the the Configuration (cog) icon on the tool bar on the left, Global Settings, scroll down to the Payment fieldset area, then open up the Stripe area.
  • Tick Enable Credit Card payments and Enable Stripe as a payment method
  • Enter your Stripe API Keys in the boxes provided (please note: All 4 keys must be present, even if you don't plan on using test mode.)

Click Save Configuration

 

What is Stripe?

Stripe is a payment method and needs to be set up externally before it can be used on the Booth Book system. 

How Much Does Stripe Cost?

Stripe costs you 1.4% plus 20p per transaction. For example on a booking that costs a customer £500, and if they pay a deposit of £100, then x2 payments of £200 each, your business will pay:

£1.60 (for this deposit transaction)
+ £3.00 (for this payment transaction)
+ £3.00 (for this payment transaction)
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= £7.60 to Stripe for this booking

Compared to Paypal which costs 3.5% per transaction:

£3.50 (for this deposit transaction)
+ £7.00 (for this payment transaction)
+ £7.00 (for this payment transaction)
---------------------------------------------
= £17.50 to Paypal for this booking