# 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:**

{% hint style="info" %}
A percentage of the transaction amount (2.9%) +  A fixed fee (30¢) = Stripe fees

(Total Transaction Value) x 2.9% + 30¢
{% endhint %}

**Example:**

{% hint style="info" %}
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
{% endhint %}


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