Fees

Transaction Fees

Each Lender agrees to pay RAWWWR a minimum transaction fee of $10 or 9.25% whichever is greater for each item rented through RAWWWR, and each lender further agrees to pay any processing fees for each transaction, which is charged to us by our third-party payment processor, Stripe.

Processing Fees

For every successful charge, lenders will pay a 2.9% + 30 cents fee. The fee is taken directly from the overall total of the order.

Stripe fees calculation formula:

A percentage of the transaction amount (2.9%) + A fixed fee (30¢) = Stripe fees

(Total Transaction Value) x 2.9% + 30¢

Example:

Lets say the total amount on the order is $100 which was paid for by the renter. Using the Stripe fees calculation formula above, this is what it would look like.

$100 x 2.9% + 30¢ = $3.2

$100 - $3.2 = $96.80

In this example, you will eventually receive $96.80