Stripe Payments Charges in the UK

Paola Faben Oliveira

Stripe is a popular payment processing solution used by businesses in the UK and globally, with a range of products to make receiving customer payments easy. But what about Stripe payments charges? What are the Stripe costs for its payment services, and the Stripe transaction fee when you receive a customer card payment?

This guide to Stripe payment fees in the UK covers all you need to know. We’ll run through all the details of Stripe UK pricing, to help you decide if it’s the right solution for your business.

We'll also touch the benefits of connecting Stripe with Wise Business when receiving payments with foreign currencies.

💡Learn more about Wise Business

What is Stripe?

Stripe launched in 2009 and is available in the UK and around 45 countries globally. You can use Stripe to get paid by customers in the UK and overseas, in person, online, and using shareable payment links.

Stripe has services to suit all company types and sizes, including low and no code payment options, pre-built payment forms and customisable payment UIs (User Interfaces). To unify on and offline payment options, you can also get Stripe terminals for in person payments, and Stripe technology to take customer card payments with just your phone.

Stripe is a large and established payment processing service, and a level 1 Payment Card Industry Data Security Standards (PCI DSS) provider¹. It’s safe and reliable, handles 250 million or more API requests a day, and has a historical uptime of over 99.999%.

Learn more about Stripe safety in our full guide: Is Stripe safe?

Stripe UK pricing

Stripe has both a standard pricing package, and a custom package option which allows businesses to negotiate a service fee schedule which works for their specific needs². We’ll walk through the Stripe UK standard pricing in detail next - if you’re interested in the customer package you’ll need to contact Stripe sales directly to discuss your needs. Options can include:

  • Volume discounts
  • Multi-product discounts
  • Country specific rates

Stripe payment fees

For most businesses, the Stripe standard fee schedule will apply. Stripe charges per transaction - which means that there’s not normally any ongoing fee to pay, you’re just charged per use.

Stripe's charges for different types of payment methods are set out below. Bear in mind that there may be other fees for additional services, so you’ll need to run through the full fee schedule in detail before you sign up. First, let’s look at the standard fees for local UK payments on Stripe:

ServiceStripe UK fee
Accept payments from local credit or debit cards1.5% + £0.20 for standard UK cards

1.9% + £0.20 for premium UK cards

Accept payments with link1.2% + £0.20 for UK cards
Recurring billing0.5% value of bill paid
Invoicing0.4% value of paid invoice
Instant payout from Stripe1% (standard payout is free, but takes longer)

Stripe checkout fees

Stripe checkout is a popular option which lets you take payments with a prebuilt and optimised form which you can add your own branding to. There’s not a specific fee for this service from Stripe, so the cost to you will depend on the details of the card payment, including the card type and country of origin. Here’s how it works:

ServiceStripe UK fee
Checkout services - take payments with a pre built formNo additional fees apply - costs depend on the card type and country of issue
Custom domain$10 USD/month
Post payment invoicing0.4% of payment value, capped at $2 USD per invoice

Stripe international payments fees

You can use Stripe to get paid from more or less anywhere, making it easy to connect to your international customers. Stripe's charges for international payments are different to the costs included in taking a payment from a UK card. Here’s an overview of the Stripe international payment fees:

ServiceStripe UK fee
Accept payments from international credit or debit cards2.5% + £0.20 for cards issued in the EEA

3.25% + £0.20 for cards issued anywhere else

2% fee applies if currency conversion is needed

Accept international payments with link2.5% + £0.20 for cards issued in the EEA

3.25% + £0.20 for cards issued anywhere else

2% fee applies if currency conversion is needed

Settle and pay out in additional currencies1%

Receive Stripe payments with Wise Business account

With your Stripe account you can accept payments from all over the world, in 135+ currencies. That makes it far easier to sell overseas - but handling different currencies in your business account isn’t always easy.

wise-business-product

Meet Wise Business. With a Wise Business account you can hold 40+ currencies, and get paid from PSPs like Stripe with local bank details in 9 currencies. That means you can receive customer payments in a selection of currencies and convert to GBP - or any other currency you need - with the mid-market exchange rate and low and transparent fees from 0.43%³ when you want to. Or, just leave the money in its original currency, and use it to settle business payments abroad later. That means you’re not forced to convert funds unnecessarily between currencies, making doing business across borders smoother and cheaper.

Get started with Wise Business 🚀

Stripe key features

Not sure if Stripe is right for you? Let’s round up a few of the key features offered by Stripe UK, to help you make a final decision:

  • Online payments using a pre built payment form
  • Customizable payment UIs
  • No code payment links
  • Terminals for in person payments
  • Subscription management
  • Invoicing services
  • Sales tax and VAT automation, and accounting automation options

UK businesses can take easy, reliable and secure card payments from all over the world, with Stripe. Whether you operate on or off line, Stripe has a handy solution for you. Plus, if you open a Wise Business account, you can connect to Stripe using local account details for 9 currencies, to get paid seamlessly and with low or no costs. Make it easy for your customers to pay in the currency they prefer, and protect your profits, with currency conversion which uses the mid-market exchange rate and low, transparent fees.

Sources used in this article:

  1. Stripe PCI compliance
  2. Stripe UK pricing
  3. Pricing/fees: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

Sources last checked November 16, 2023


*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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