Because we want to provide the best service possible for class providers, we've looked into the different card processing services and have chosen to partner with Stripe because we believe it’s a great service, as well as being a cost effective solution.
What is Stripe?
Stripe is an online payment processor that is similar to Paypal except with lower fees (1.4% + 20p per transaction). They have a great user interface, state of the art security and first-class customer support.
The chances are you've already used Stripe without knowing it as they are the payment processor of choice for big brands like Deliveroo, Asos and Squarespace.
You can sign up for your own Stripe account here.
Payments made via Happity go directly to your Stripe account. This means you can access your payments as soon as they're available (within 3-5 days), and also means you have complete access to additional tools to view all of your payment history, create invoices, and to connect your sales information up to accounting packages like Xero - saving precious admin time.
We know that every little bit makes a difference when you're running a small independent business. By doing the best we can for your business, it's the best we can do for ours too. 🙂
Why not Paypal?
The simple answer is that Paypal will cost you a lot more, whilst not necessarily giving customers a better experience.
Paypal charges 2.9% plus 30p per transaction. So compared with Stripe’s 1.4% plus 20p transaction you lose on both % and one-off cost*.
To put that into real terms, if you accept a booking for £5, you’d pay 45p to Paypal but just 27p to Stripe – saving 40%!
It couldn't be easier to sign up with Stripe - it literally takes about 2 minutes to register. Sign up here.
*Data correct at 11/12/2019