In the fast-paced world of B2B & B2C transactions, Paycove understands the importance of straightforward, transparent pricing.
Our goal is to streamline your invoicing and payment processes, allowing you to focus on what you do best - growing your business.
Here's how our pricing works:
- Paycove's Monthly Subscription Fee: Varies
- Paycove's Standard Transaction Fee: 1% of the transaction amount. This fee covers our comprehensive suite of features designed to automate and simplify your billing process, from creating and sending invoices to tracking payments to automatically calculating tax.
- Stripe Fees: Given Stripe's role as our payment processing partner, their fees apply to transactions processed through Paycove. Stripe's pricing can vary based on factors such as your business location, the type of card used for payment, and any additional Stripe products you may use.
- Typically, Stripe charges 2.9% + $0.30 per transaction for businesses based in the US, but this can differ for international transactions and for different Stripe products.
-
- Here’s a comprehensive and up to date overview from Stripe with localized pricing information: Pricing & Fees | Stripe Official Site
Paycove Pricing Overview
Simplify your billing process with transparent and straightforward pricing:
|
Fee Type |
Description |
Rate |
|
Paycove Subscription Fee |
A fixed monthly fee that varies depending on your business needs. |
Varies |
|
Paycove Transaction Fee |
Flat fee for using Paycove's invoicing and payment platform |
1% of transaction |
|
Stripe Fee |
Variable fee charged by Stripe for payment processing |
Typically 2.9% + $0.30 per transaction (US) |
Example Transaction Costs for a $100 Invoice (assuming standard US Stripe fees):
|
Item |
Cost |
|
Invoice Amount |
$100 |
|
Paycove Fee (1%) |
$1.00 |
|
Stripe Fee (2.9% + $0.30) |
$3.20 |
|
Total Fees |
$4.20 |
|
Net Amount Received |
$95.80 |
Why Paycove?
- Get Paid Faster: Automated A/R and streamlined payment processes mean quicker turnaround times for your receivables.
- Reduce Administrative Overhead: Spend less time on billing and collections, and more on strategic initiatives.
- Transparent Pricing: No hidden fees. You know exactly what you're paying for, allowing for better financial planning and analysis.
Understanding the variability in payment processing fees, we recommend consulting Stripe's pricing page or contacting their support for the most accurate and up-to-date information relevant to your specific business needs.
Ready to optimize your billing process with Paycove? Get in touch to learn more or to get started:
Book a Discovery Call