Transaction Costs

Learn about the minor convenience fees people experience while paying you online

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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

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

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.

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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

ScenarioYou 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)

StadiumRoar’s convenience fees are LOW

~10%

~9%

~6.4%

~3.9%

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!

Checks vs. Online Payment

Checks• Money takes multiple days to travel,

get deposited and finally confirmed; if a check is dropped off personally, driving and waiting in lines are additional burdens

• Checks often get lost or misplaced

• Accounting needs to be done manually with pen and paper or spreadsheets

• Checks, envelopes, printed forms, stamps and gas are all needed, which all carry their own monetary costs

Online Payment• Money is instantly transferred and

confirmation is instantly provided

• PayPal’s world-class security software protects all transactions

• PayPal’s world-class accounting software instantly records all details of transactions

• No physical material is needed at all

Cutting down on the use of paper checks helps the environment and the parks your participants play sports in

Not to mention…