Example
Let's say you have a booking with a price of $20. Upon checkout, a customer is charged a total of $20.60. Stripe's current processing fee formula is 2.9% + $0.30. Therefore, Stripe would take a total of $0.90. The total amount sent to your Stripe account would be the total charge subtracted by both Bloom Bookings' application fee and Stripe's processing fee, or $19.10.
To see the effect Bloom Bookings' application fee has on Stripe's processing fee, let's go through an example without the application fee. In this case, Stripe's processing fee would be $0.88, meaning the total amount sent to your Stripe account is $19.12. As you can see, the difference is only 2 cents — very minimal.