Stripe are increasing their fees.

I got an email this morning saying that cross border transactions involving the UK/EU are going up by over 1%.

"As a result of the UK leaving the EU, major card networks now consider transactions between the UK and European Economic Area (EEA) to be cross-border. In light of this, we will be making some changes to fees on payments between Europe and the UK for users connected to your platform, Shopit Ltd, starting 1 July 2022. We wanted to make sure that you’re aware of the changes before we notify your users next week.

Your users’ current Stripe fees:

1.4% + €0.25 on card transactions for all of Europe including the UK 2.9% + €0.25 on international card transactions

Your users’ new Stripe fees will be:

1.4% + €0.25 on card transactions within the EEA 2.5% + €0.25 on card transactions from the UK 2.9% + €0.25 on other international card transactions [1]"

submitted by /u/adamp29
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