Getting started with USD Payouts? Please view this guide for frequently asked questions, including how to properly add a USD bank account: Receiving USD Payouts for Singapore and Hong Kong Users
Please see below for the pricing structure for international card payments accepted by businesses in Singapore and Hong Kong.
Note: This pricing update does not apply to Custom and Express accounts.
Starting September 7, 2021, we’ll no longer charge a 1% international card fee for international card payments.
If you wish to pay out in USD to a connected USD bank account, you’ll continue to pay 1% on payouts in USD with a US$5 minimum fee.
If you require currency conversion to SGD, HKD or USD, you’ll be charged a 2% FX fee.
How will this affect my fees?
With the removal of the 1% international card fee, businesses can see savings when accepting payments in international currencies, especially when accepting and making payouts in USD.
Fee type |
Payment flow |
Fees incurred (USD) |
Explanation |
Payment processing fees |
1. You receive a card payment of $100 USD from a customer |
$3.90 |
3.4% + $0.50 USD is charged per successful card payment. |
Currency Conversion fees or FX fees |
2. You have a USD bank account, and the payment is settled as $100 USD. |
$0 |
FX fees of 2% are only incurred when currency conversion is required. |
Payout fees |
3. You create a$100 USD payout for this payment. |
$5 |
We charge 1% of the amount paid out in USD with a minimum fee of $5 USD. You can also choose to combine payouts instead. + 7% GST of USD will be applied to Singapore businesses. |
A 2% currency conversion fee, or FX fee, will only be charged in addition to the above when you require conversion to USD, SGD, or HKD.
Fee type |
Payment flow |
Fees incurred (USD) |
Explanation |
None |
1. You receive a card payment of $125 CAD from a customer. |
- |
The card processing fees will only be charged after currency conversion. |
Currency Conversion fees or FX fees |
2. You have set USD as your default Stripe account currency.Assuming $1 CAD = $0.8 USD. |
$2 - You receive $98. |
FX fees of 2% are charged as currency conversion to USD is required. |
Payment processing fees |
3. The payment is processed in USD. |
$3.90 - You receive $94.10. |
3.4% + $0.50 USD is charged per successful card payment.The amount you receive is after FX fees and payment processing fees are deducted. |
Payout fees |
4. You create a $94.10 payout in USD. |
$5 |
We charge 1% of the amount paid out in USD with a minimum fee of $5 USD. You can also choose to combine payouts instead. + 7% GST of USD will be applied to Singapore businesses. |
Note: These scenarios do not reflect charges for other Stripe products you may be using, such as Stripe Radar.
What are international card fees?
Previously we charged a fee of 1% on payments using international cards—those issued outside Singapore or Hong Kong, depending on where your Stripe account is based. We won’t be charging this fee anymore starting September 7, 2021.
What are USD payout fees?
When you make a payout in USD to your connected bank account, we will charge 1% of the amount paid out in USD with a minimum fee of $5 USD per transaction.
What are FX fees or currency conversion fees?
Stripe supports processing charges in 135+ currencies, allowing you to present prices in a customer’s native currency. Doing so can improve sales and help customers avoid conversion costs. When your presentment currency differs from your settlement currency—the currency accepted by any of your bank accounts or debit cards—we will charge a 2% fee to convert the payment currency to your settlement currency, which can either be USD or SGD/HKD depending on where your business is based.