Canadian and cross-border payments carry fees that firm administrators need to identify, along with which of those fees can be passed on to the client.
The fee that applies depends on two things: which Stripe platform account the firm is connected to, and where the client's payment method is issued.
Fees when the firm is on the Stripe Canadian platform account
Client's payment method
Fees that apply
Can it be passed to the client
Notes
Canadian bank Pre-Authorized Debit (PAD)
PAD/ACH merchant fee rate in the signed Aiwyn contract
No
No additional fee to the client. PAD is a bank transfer, not a debit card.
US bank Automated Clearing House (ACH)
PAD/ACH merchant fee rate in the signed Aiwyn contract, plus a 1% foreign transaction fee
No, for either fee
ACH is the US equivalent of a bank transfer
Canadian credit card
2.4% additional processing fee
Yes
The firm also absorb the contracted merchant rate minus 2.4%
International credit card
2.4% additional processing fee, plus a 1% foreign transaction fee
Yes, both
—
Fees when the firm is on the Stripe US platform account
Client's payment method
Fees that apply
Can it be passed to the client
Notes
Canadian bank Pre-Authorized Debit (PAD)
PAD/ACH merchant fee rate in the signed Aiwyn contract, plus a 1% foreign transaction fee
No, for either fee
—
US bank Automated Clearing House (ACH)
PAD/ACH merchant fee rate in the signed Aiwyn contract
No
—
US credit card
Card merchant fee rate in the signed Aiwyn contract
Yes
—
International credit card
Card merchant fee rate in the signed Aiwyn contract, plus a 1% foreign transaction fee
Yes, both
—
Fee terms used above
Term
What it is
Where the rate comes from
PAD/ACH merchant fee rate
The bank transfer processing fee
The firm's signed Aiwyn contract. Never passed to the client.
Card merchant fee rate
The credit card processing fee
The firm's signed Aiwyn contract. May be passed to the client.
2.4% additional processing fee
The card surcharge applied on the Stripe Canadian platform account
Fixed at 2.4%, and a legal requirement in Canada.
1% foreign transaction fee
Applied when the payment method's country differs from the platform account's country
