Transaction Fee Calculation Settings
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Hi there!
In the plugin settings, I can enter fixed fees and variable fees for transaction fees.
Based on these settings, the formula applied is [Total fee amount] = [Fixed fee] + [(Variable fee) * (Transaction amount)]. For example, for a €10 membership with €0.25 in fixed fees and 1.5% transaction fees, the calculation would be [0.25] + [1.5% * (10)] = 0.40.
The problem is that we use Stripe, and their fees are not calculated this way. Here is their calculation method:
“Stripe fees are calculated using this formula:
(Initial price + €0.25 fixed fee) / (1 – 1.5% variable fee).
Let’s take the example of a €10 sale. Here’s the calculation: (10 + 0.25) / 0.985 = 10.406, rounded to 10.41€, meaning the fees are €0.41. Stripe rounds the fee amount to the nearest whole unit, and you can find this information in the following link: https://support.stripe.com/questions/rounding-rules-for-stripe-fees.”
Is it currently possible to specify such a calculation method with the plugin?
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