Calculate How Much Money to Charge Players
A small transaction fee will be taken from the total amount a game organizer charges per ticket.
OpenSports uses a payment system called Stripe that is fully integrated with our platform (web + iOS and Android app) so you can seamlessly collect event fees, or team payments.
Stripe receives 2.9% + $0.30 of each payment as a service fee to process the payment. OpenSports collects an additional 2.1% to provide you with integrated features that make managing your games incredibly easy!
How to calculate what fees to charge:
A small transaction fee (5% + $0.30) will be taken from the total amount a game organizer charges per ticket.
For example, if you want to collect $10 from each player who RSVPs your game, you will want to charge $10.84 per ticket… see calculation below!
The following formula can be used to determine how much you should charge in order to collect the desired amount:
Amount to charge = (Desired amount to collect + $0.30) / 0.95
So, if you want to collect $10 per player, the calculation is:
Amount to charge = ($10 + $0.30) / 0.95 = $10.84
How does this compare with some of our competitors? Let’s just say that on top of charging a monthly fee to be an organizer on MeetUp, their transaction fee is around a whopping 8% + $0.50 (see our fee comparison chart here). So yes, OpenSports is the way to go 🥇
Now you’re ready to collect payment! If you want to learn about how to set up an event and collect all of your RSVP’s and payment for it, read here.
Questions? We are available every day to walk you through the steps if there are any issues. E-mail firstname.lastname@example.org .