Here is how Stripe Direct Billing works:
A customer purchases a ticket through the registration page of an event > The organizer receives the payment in their Stripe account > Organizer pays Stripe processing fee > Organizer pays RingCentral platform fees
Stripe Charge Ownership
With Stripe Direct, the charges will be created in your Stripe account, and we will receive a commission in RingCentral's Stripe account. Stripe calls this the "RingCentral application fee". The commission rate depends on your subscription plan:
|Free||Starter||Growth||Business & RingCentral Events|
Organizers will also pay the Stripe payment processing fee (depending on the country).
This means that organizers will be able to see every transaction and ticket purchases in their Stripe account, create receipts for attendees, process refunds on them, and so on.
This is what a charge will look like in an organizer’s Stripe account:
Example: RingCentral Events 500 plan customer
Let's take an example of an Events 500 plan customer with RingCentral platform fees of 2%:
- An attendee buys a ticket at $100
- RingCentral gets $2 (2% fees) and Stripe gets ~2.9% + 30 cents (depending on the country)
- Organizer gets the rest, e.g. $94.8.
If an Organizer issues a full refund, the entire amount the attendee paid gets refunded which means that the Organizer will incur some losses:
- The attendee gets $100 back.
- RingCentral and Stripe keep their fees.
- The organizer has a net sale of -$5.2, to cover the Stripe and RingCentral fees, plus the refund.
Unfortunately, selling paid tickets currently cannot be supported in all countries on the RingCentral platform. Please refer to the attachment below to see if you can sell tickets via Stripe in your country of residence.