1. Transaction Costs
Learn about the minor convenience fees
people experience while paying you online
2. People experience a small convenience
fee when they pay you online
When people pay you online
with a credit card, they are
charged a very small
convenience fee
You never have to worry
about absorbing these fees;
they are automatically added
on top of the program cost
you are charging
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3. Example
For instance, if you set a $100
cost for a program, you will
receive $100 from each
registrant; people will be
charged slightly over $100 to
account for the fee
4. People Have a Choice
OR
StadiumRoar accommodates online payments, however, also lets people
register for programs without paying online. So, if there are a handful of
people in your program that still want to pay the old-fashioned way, they
can.
We obviously recommend as many people pay online as possible
though…it makes things much easier for them and much easier for you.
5. Breakdown of fee
On each transaction, PayPal takes 2.9% of
the program cost + 30 cents
StadiumRoar keeps an additional
amount of about 1% of the program
cost, which is used to maintain our
software and pay out donations to
sports-and-recreation programs (see
the Go Paperless Fund section to
learn more about these donations)
No fee is ever taken from you, but rather, the people registering
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6. Scenario
You set a fee for Program ABC of $50.00
When people sign up for Program ABC, they will be paying
$52.38
You will keep $50.00 and $2.38 will cover the transaction costs
(PayPal collects $1.80 and StadiumRoar collects 58 cents)
8. How will your participants feel about these costs?
These fees are called convenience fees for a reason; people enjoy the safety,
accountability and ease of paying online as opposed to mailing or dropping off
checks, and overwhelmingly do not mind paying an extra dollar or so.
PayPal currently has over 100 million members – that’s over 1/3 the population
of the United States – that’s a lot of people who don’t mind convenience fees!
9. Checks vs. Online Payment
Checks Online Payment
• Money takes multiple days to travel, get • Money is instantly transferred
deposited and finally confirmed; if a and confirmation is instantly
check is dropped off personally, driving provided
and waiting in lines are additional
burdens
• PayPal’s world-class security
• Checks often get lost or misplaced software protects all transactions
• Accounting needs to be done manually
with pen and paper or spreadsheets • PayPal’s world-class accounting
software instantly records all
• Checks, envelopes, printed forms,
details of transactions
stamps and gas are all needed, which all
carry their own monetary costs • No physical material is needed at
all
10. Not to mention…
Cutting down on the use of paper checks helps the
environment and the parks your participants play sports in