The ClubZap platform can enable clubs to pass on card processing fees for both membership payments and product sales such as fundraising. This is normally done when a club needs to clear a specific amount from the payment.

ClubZap can pass on card fees for both once off and subscription payments (instalments). If you would like this setup please email support@clubzap.com

Every club will have a transaction fee associated with payments which covers Stripe and ClubZap fees. This transaction fee is agreed when a club comes onboard with ClubZap with more preferential rates applicable when a club signs up for a multi year contract.

Example: Club on a card fee of 3.25% +10c

Member Type: Juvenile (U11-U16) Costing €120

Goal Amount = €120

Fixed Fee: 10c

Percentage Fee: 3.25%

Calculation:

(Goal Amount + Fixed Fee) / (1 - (Percentage Fee / 100))

= (120 + 0.10) / (1- (3.25% /100))

= (120+0.1) / (1- 0.0325)

= 120.10 / 0.9675

= €124.13

If I have a payment that costs €300 and the fees for processing the transaction are 3.1% + 10c then what is the amount I need to charge to clear 300 and how is this calculated

If your goal is to receive exactly €300 after the payment processing fees, and the fees are 3.1% of the total charge + €0.10, then you need to work backwards.

Let X be the amount you charge.

The processing fee is:

0.031X+0.100.031X + 0.100.031X+0.10

The amount you receive is:

X−(0.031X+0.10)X - (0.031X + 0.10)X−(0.031X+0.10)

Set this equal to €300:

X−(0.031X+0.10)=300X - (0.031X + 0.10) = 300X−(0.031X+0.10)=300

0.969X−0.10=3000.969X - 0.10 = 3000.969X−0.10=300

Add €0.10 to both sides:

0.969X=300.100.969X = 300.100.969X=300.10

Divide by 0.969:

X=300.100.969≈309.70X = \frac{300.10}{0.969} \approx 309.70X=0.969300.10​≈309.70

You should charge €309.70.

To receive a target amount N after fees:

For your fees (3.1% + €0.10):

So for any desired net amount, simply substitute that amount for N. For example: