Stripe, PayPal, BACS… · Property Business School

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Stripe, PayPal, BACS…

Have you thought about how you'll accept payment for your sourcing fees?

Stripe is the most common way. They take a fee on every payment, so you'll need to set it up and factor that into your numbers. Here's what that looks like on a sourcing fee:

Stripe (UK card): 1.5% + 20p

On £3,000, that's £45.20

On £6,000, that's £90.20

PayPal: 2.9% + 30p

On £3,000, that's £87.30

On £6,000, that's £174.30

Bank transfer (BACS or Faster Payments): usually free, or close to it, with most business bank accounts.

So for a big fee paid on completion, a simple invoice and a bank transfer is the cheapest option. However you’ll find some investors who may prefer a more secure way (e.g., stripe).

We use stripe and BACS mostly!

James

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Stripe, PayPal, BACS…