Stripe: Breakdown of Fees

This article enumerates the fees taken off on each payment received in Stripe - the platform used for running UTR Sports Events.

 There are two major fees taken on each registration - UTR Sports fees and Stripe fees. The percentage of fees that go to UTR Sports is indicated on your contract while Stripe fees differ per country. You can refer to the table below for the full list.

You can view the fees of each payment within your stripe.com account. Select one of the transactions on your account and scroll down to view the breakdown of fees. You'll see the following information:

• Amount: The total amount the player paid to register for your event.
• Fee: The total deductions from the registration fee.
  • Stripe processing fees: Non-refundable fees from Stripe.
  • Application fees: UTR Sports cut of registration fee + event verified fee (waived for power subscribers) + service fee (vary per country)
• Net: What you earn from the total amount. 

Example 1: Non-Power user registers for an event

A player pays $59.75, which consists of:

• $45.00 – Registration fee
• $12.50 – Verified fee (since the player is not subscribed to Power)
• $2.25 – Service fee

When viewed in Stripe, the payment appears as follows:

Now, let’s break down the different fees as seen in Stripe.

• Stripe Processing Fees

Since the transaction is based in the United States, Stripe charges a processing fee of 2.9% + $0.30 per transaction.

Calculation: $59.75 × 2.9% + $0.30 = $2.03

Note: Stripe processing fees are non-refundable.

• Universal Tennis Application Fee

The $19.25 application fee consists of:

• $4.50 – UTR Sports fee
• $12.50 – Verified fee (applies only to players without Power subscriptions)
• $2.25 – Service fee

After deducting the application and Stripe fees, the provider will receive $38.47 in their Stripe account.

Note: The UTR Sports fee differs depending on your Club type. You can contact your Account Manager to confirm your UTR Sports fee.

Example 2: Power user registers for an event

A player pays $47.25, which consists of:

• $45.00 – Registration fee
• $2.25 – Service fee

When viewed in Stripe, the payment appears as follows:

Now, let’s break down the different fees as seen in Stripe.

• Stripe Processing Fees

Since the transaction is based in the United States, Stripe charges a processing fee of 2.9% + $0.30 per transaction.

Calculation: $47.25 X 2.9% + $0.30 = $1.67

Note: Stripe processing fees are non-refundable.

• Universal Tennis Application Fee

The $6.75 application fee consists of:

• $4.50 – UTR Sports fee
• $2.25 – Service fee

After deducting the application and Stripe fees, the provider will receive $38.83 in their Stripe account.

Note: The UTR Sports fee differs depending on your Club type. You can contact your Account Manager to confirm your UTR Sports fee.

Example 3: Power user registers for an event in Hong Kong

A player pays HK$419.49, which consists of:

• HK$320.00 – Registration fee
• HK$82.00 - Verified fee (applies only to players without Power subscriptions)
• HK$17.49 – Service fee

When viewed in Stripe, the payment appears as follows:

Now, let’s break down the different fees as seen in Stripe.

• Stripe Processing Fees

Since the transaction is based in Hong Kong, Stripe charges a processing fee of 3.4% + HK$2.35 per transaction.

Calculation: $419.49 X 3.4% + $2.35 = HK$16.61

Note: Stripe processing fees are non-refundable.

• Universal Tennis Application Fee

The $99.49 application fee consists of:

• HK$82.00 - Verified fee (applies only to players without Power subscriptions)
• HK$17.49 – Service fee

After deducting the application and Stripe fees, the provider will receive HK$303.39 in their Stripe account.

Additional Reminder for Providers

When setting up an event, providers have the option to include a withdrawal fee, which applies when a player withdraws from all event divisions. Here are key points to keep in mind:

• Withdrawal fees can only be added if player entry fees are enabled, and the withdrawal fee must always be lower than the entry fee.
• The withdrawal fee only applies if the player withdraws from all registered event divisions within the event.
• Once a participant has registered, the withdrawal fee amount cannot be changed for that event.

Setting a withdrawal fee helps account for administrative costs when players decide to withdraw, but make sure to set it appropriately based on your event structure.

Applicable Fees per Country

You can use the table below for reference on the fees applicable per country. Fees are subject to change - please check Stripe.com

Still unsure about the calculated fees? You can reach out to the Support Team and they’ll take a further look!