... | ... | @@ -10,13 +10,13 @@ Every league has several mechanisms available to collect fees: |
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4. [Invoice templates](https://confluence.inleague.org/display/IUG/Invoicing+and+Payment+Templates)
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5. Donations and Sponsorships
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On April 15, 2022, inLeague will begin collecting **Platform Fees** on most transactions processed through inLeague. These platform fees are distinct from Stripe Fees that go to the merchant services processor; while inLeague negotiates a group discount for Stripe fees, we do not have anything to do with them and do not receive any portion of them.
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inLeague collects **Platform Fees** on most transactions processed through inLeague. These platform fees are distinct from Stripe Fees that go to the merchant services processor; while inLeague negotiates a group discount for Stripe fees, we do not have anything to do with them and do not receive any portion of them.
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How and when platform fees apply depends on the mechanism used (see below). **Stripe Fees and inLeague Fees** are visible from the **Transaction Ledger** report.
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## Stripe Fees and Refunds
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Stripe charges 2.9% + 30 cents of all transactions; inLeague has negotiated this down to 2.7% + 30 cents for all of our customers.
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Stripe ordinarily charges 2.9% + 30 cents of all transactions; inLeague has negotiated this down to 2.7% + 30 cents for all of our customers.
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These fees are non-refundable, **except** when the transaction is refunded prior to 'settling.' This is usually within the first 12 hours after the transaction is made. There is no fixed time when transactions settle, but account holders can reach out to Stripe to request a specific time window. Refunds issued against transactions that have not settled are considered **voided** and will appear only as temporary authorizations on the credit card before 'falling off' the statement completely.
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... | ... | @@ -52,7 +52,13 @@ The following example scenarios do not include the National Player Fee, which is |
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## Event Signups (Players or Users)
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Platform fees for event signups are also **$3 + 3%**. Stripe fees are the same regardless of the transaction type. Event Signups are distinct in that multiple players (or players and users) may be signed up in a single transaction, and both Stripe and inLeague platform fees apply **per-transaction** and not **per-signup**
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Platform fees for event signups are **3%** + a flat fee based on the cost of the event signup:
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* **Less than $40:** The flat fee is $1.50;
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* **$40 or more but less than $50**: The flat fee is $2.00;
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* **$50 or more:** The flat fee is $3.00.
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Stripe fees are the same regardless of the transaction type. Event Signups are distinct in that multiple players (or players and users) may be signed up in a single transaction, and both Stripe and inLeague platform fees apply **per-transaction** and not **per-signup**
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**Refunds**: inLeague platform fees are non-refundable for all event registrations.
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... | ... | @@ -64,7 +70,7 @@ The user interface for the event manager promotes signing up multiple players or |
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## Invoice Templates
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Platform fees for invoice templates are also **$3 + 3%**. Stripe fees are the same regardless of transaction types.
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Platform fees for invoice templates follow the same sliding scale as event signups (above): **3%** + between $1.50 and $3, based on the amount of the invoice. Stripe fees are the same regardless of transaction types.
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**Refunds**: inLeague platform fees are non-refundable for all invoice templates.
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