Typical Transaction Process Flow

Credit Card Sale: traditional eCommerce transaction to the buyer/shopper. Sale proceeds are split between your Stripe account and Single Serve. All costs which include COG, shipping, applicable sales tax [Platform Fees are the sum of these costs] are pulled out of the sale. Your Stripe account which is linked to your bank account deposits the net of the sale [after cc fees from Stripe]

How the numbers work with an order paid by credit card

Example scenario-

Order Revenue = $30 [comes into the store’s Stripe account [merchant account]

Product Sold @ $25 + Shipping Fee @ $5 [paid by buyer]

Less Platform Fees:

Single Serve “Platform Fee” = Cost of product [$12] + Shipping [$5] = $17

Store is left with net proceeds of $13 “less” Stripe Fees [2.9% + $.30 transaction fee]

= $12.32 net moves to your bank account

The Simple Version:

Order Revenue “less” Platform Fees = Gross Profit “less” Stripe transaction costs [2.9% + $.30 transaction fee]

Your bank account is left with your net proceeds from a paid transaction