How much will you pay in Stripe transaction fees?

Calculating Stripe fees for customer payments is easy with our calculator. Enter the payment amount to calculate Stripe's transaction fees and what you should charge to receive the full amount.

Payment Amount
Calculate
Stripe fee:
$ --
You'll receive:
$ --
To take home $--, you should ask for:
$ --
How much will you pay in Square fees?

Calculate how much you’ll pay in Square fees for online, in-person, and manually-entered payments.

Payment Amount
Calculate
Square fees
Amount received after fees
In-person payments
i
For in-person payments with a card, Square charges a fee of 2.6% + $0.10 per transaction.
$ --
$ --
Manually-entered payments
i
For manually-entered payments or card-on-file payments, Square charges a fee of 3.5% + $0.15 per transaction.
$ --
$ --
Online payments
i
For online payments or payments via invoice, Square charges a fee of 2.9% + $0.30 per transaction. (If you're signed up for the Premium plan, the percentage fee is lower at 2.6%.)
$ --
$ --
Calculate estimated loan payments in seconds

Enter your loan information to get an estimated breakdown of how much you'll pay over the lifetime of your loan.

Loan Amount
Loan Term
Months
Years
Loan APR
Calculate
If you borrow -- over -- at an interest rate of --, you will pay a total amount of --, or -- per month.
Minimum monthly payment:
$ 0.00
Average monthly interest:
$ 0.00
Total interest paid:
$ 0.00
Total amount paid:
$ 0.00
S

mall businesses are the bedrock of the American economy, and loans play a crucial element in helping this part of the economy survive and thrive. 

For the vast majority of small businesses across industries, profit margins are slim and cash flow is tight. In many cases, small businesses need to access capital to invest in equipment, make payroll, or pursue marketing activities to help expand their customer base

Despite the clear need for small business loans, the options available to small businesses are limited. Particularly for small businesses that are bringing in less than $250,000 in revenue, they’re faced with “borrowing” money through high-interest credit cards, or going through a loan application process with a bank that can be drawn out, only to end with being declined.

To get a better sense of small business owners’ experiences with loans, as well as their ideal loan size and intended uses, Novo surveyed 547 small business owners. Key insights included:

  • Most small business owners have applied for a loan, and many have been denied: 59% of small business owners reported having applied for a loan to finance their small business. Of the small business owners who applied, 45% were declined at least once. 
  • Desired loan sizes are below $50,000: When asked about their ideal loan size, 80% of respondents wanted a loan under $50,000, and 29% reported their ideal loan size was less than $10,000. 
  • Small businesses want to use loans to grow: When asked how they would use their loan, some of the most popular choices focused on growing their physical presence, customer bases, and production capacity.  53% of respondents reporting that is how they would use the money for marketing and advertising, 46% said they would use the loan for equipment or property, and 39% would purchase more inventory.
  • Small businesses are concerned about debts and financial obligations: 47% of respondents reported that, were they to apply for a loan today, they would use it to pay off debts. 19% of users reported that they would use a small business loan for payroll.

Novo has incorporated these insights into its new working capital product, Novo Funding, which launched this week. The Novo Funding application can be completed in under 10 minutes, and Novo will complete its review within 24 hours of receiving the application. Once approved, the small business will have instant access to up to $75,000 of working capital via their Novo account.

To learn more about Novo Funding, visit novo.co/funding.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Link

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Updated 
August 1, 2023
 in 
Notes by Novo
 category

All-in-one money management

Take your business to new heights with faster cash flow and clear financial insights —all with a free Novo account. Apply in 10 minutes.