In total, the transaction fees for league and tournament payments are 5% + $0.30.
Here’s how this breaks down:
- Stripe processing fee: 2.9% +$0.30
- OpenSports service fee: 2.1%
Processing fee for league refunds
When a refund is issued, the organizer will lose the Stripe transaction fee (2.9% + $0.30).
For example, on a $5 ticket, organizer pays 5*.029+.30 = $0.45 in fees.
Here’s more info from Stripe about understanding fees for refunded payments.
Note: We have a credit system that will be launched in May 2022.
Refunds & Refund Deadlines
You have to manually send refunds for leagues/tournaments. There is no refund deadline functionality for leagues.
Questions? Send them our way: support@opensports.net