Stripe

Stripe is a payment processing platform that enables businesses to accept online payments securely and easily, with features like customizable checkout, subscription billing, and fraud prevention tools. With its developer-friendly API and seamless integration capabilities, Stripe simplifies the process of accepting payments online for businesses of all sizes.

How to reduce the cost of a Stripe Fee

 i – Tricks are what we like to call direct ways to reduce your subscription costs.

• We haven’t found any current tricks to reduce your subscription  

Additional reduction ways to try to reduce subscription costs:

Optimize User Licenses 

Audit user licenses and remove inactive users. Consider permission sets to grant specific functionalities instead of assigning full licenses for basic needs.

Data Storage Management

Archive old data. Utilize data validation rules to prevent unnecessary data entry that consumes storage

Process Automation: Utilize workflow and approval processes to automate manual tasks, reducing the need for additional licenses.

How to implement a Workaround to reduce the fees for Stripe

 i – A workaround is using another tool to reduce your subscription.

Use Stripe only to Process your Customer’s Charges

Use other application/software or other solutions to process the others such as invoices.

Check this reddit thread as an example: https://www.reddit.com/r/SaaS/comments/14yonsf/comment/jrtglbk/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button 

Additional workarounds to try to reduce subscription costs:

Integrations with Free/Freemium Tools

Explore free or freemium tools like Zapier to automate tasks that might require additional licenses (e.g., basic data cleansing). Consider integrating with freemium tools like Slack for internal team usage

Negotiate with Support. Customer support details of Stripe

 i – Speak with the Stripe support team and ask for a discount.

https://support.stripe.com/questions/contact-stripe-support 

Discuss Usage Patterns: Contact support and discuss your current usage patterns. They might offer discounts based on your specific needs and historical data.

Negotiate Renewal Rates: Before your subscription renews, negotiate renewal rates with support. Loyalty and commitment to the platform can sometimes lead to better pricing.

Use this for help: Customer support list or google

Switch to Alternative for Stripe

 i – Here is a list of similar products that are similar you can switch to for savings.

• PayPal: PayPal is a widely used online payment platform that allows businesses and individuals to send and receive payments securely, with features like buyer and seller protection and international payment support. https://www.paypal.com/
• Square: Square offers a range of payment solutions, including point-of-sale systems, online payment processing, and invoicing tools, designed to help businesses accept payments easily and manage their finances effectively. https://squareup.com/
• Authorize.Net: Authorize.Net is a payment gateway provider that enables businesses to accept credit card and electronic check payments online, with features like fraud prevention, recurring billing, and customer management tools. https://www.authorize.net/
• Braintree: Braintree, a subsidiary of PayPal, offers a payment gateway solution with features like advanced fraud protection, recurring billing, and global payment support, providing businesses with flexible and secure payment processing capabilities. https://www.braintreepayments.com/

Open-Source Solutions: Depending on your needs, explore open-source solutions that might offer similar functionalities at a lower cost. When searching try “Opensource for x” to find applicable tools.