Provide a detailed summary of the following web content, including what type of content it is (e.g. news article, essay, technical report, blog post, product documentation, content marketing, etc). If the content looks like an error message, respond 'content unavailable'. If there is anything controversial please highlight the controversy. If there is something surprising, unique, or clever, please highlight that as well: Title: Stripe increases price for business in the European Economic Area Site: Pricing updates for businesses based in the European Economic Area [pdf] Starting 10 April 2023, fees for card processing, disputes, and USD currency payouts will be higher due to increases in network costs (in recent years, major card networks have introduced several new fees and increased existing fees), as well as increases in underlying service costs. Please refer to the following details to understand how these changes may impact your business. Changes for card processing Card fees today Card fees starting 10 April 2023 All EU cards: 1.4% + €0.25 per transaction Standard EU cards: 1.5% + €0.25 per transaction Premium EU card: 1.9% + €0.25 per transaction International cards: 2.9% + €0.25 per transaction UK cards: 2.5% + €0.25 per transaction International cards: 3.25% + €0.25 per transaction UK cards: 2.5% + €0.25 per transaction (no changes) If you have an account located in an EEA country that has not adopted the Euro, here are the fixed fees of €0.25 in local currencies: Bulgaria: ЛВ0.50; Czech Republic: 6.50Kč; Denmark: 1.80kr; Hungary: 85Ft; Liechtenstein: 0.30CHF, Poland: 1zł; Romania: 1LEU, Sweden: 1.80kr. What are standard cards? Consumer cards issued by Visa and Mastercard All cards issued by American Express, Discover, Diners Club, Maestro, Cartes Bancaires, UnionPay What are premium cards? You can read more on the differences between Standard and Premium cards here . How does Stripe determine when a card is standard or premium? We determine whether a card is standard or premium based on the information available from card networks at point of charge. The accuracy of this mapping is regularly reviewed to ensure the appropriate fee is applied to all card transactions. Changes for disputes Dispute fees (also known as chargebacks) will increase from €15 to €20. Due to costs for managing dispute evidence submissions (regardless of outcome), we'll no longer refund this fee if the customer's bank resolves the dispute in your favor. If you or your users have an account located in an EEA country that has not adopted the Euro, here are the fixed fees of €20 in local currencies: Bulgaria: ЛВ40; Czech Republic: 550Kč; Denmark: 200kr; Hungary: 7,000Ft; Liechtenstein: 20CHF, Poland: 90zł; Romania: 100LEU, Sweden: 200kr. Fee for USD alternative currency payouts Businesses in the EEA who are paying out in USD to a US-domiciled bank account will now incur a 1% fee, with a minimum fee of US$2.50 per payout. Are there lower cost alternatives to cards? If you are using Stripe Checkout or the Payment Element , you can easily turn on over 25 payment methods from the Dashboard with zero additional engineering work. Stripe will automatically surface the right payment method to help you increase conversion based on where your user is located. Below are a few commonly used low cost payment methods: How can I calculate the impact of these updates to my business? The best way to calculate the impact these changes might have to your business is to leverage the Reports section of your Stripe Dashboard. Go to the Reports section of your Dashboard Click on “Download” located at the top right hand of the “Balance change from activity” module Export your activity to a .CSV file and ensure that “Card country” is selected as a column Review transactions processed by the countries impacted Starting 10 April 2023 these types of transactions will be subject to the new fees. Why did I get this notice? This support page provides you with more details on the notice we sent you describing changes to certain fees. That notice is a legal notice sent to Stripe users, even those who have unsubscribed from optional marketing notices. You cannot unsubscribe from legal notices, but if you’d prefer not to receive any further legal notices from Stripe, you can close your account by following these steps . Your continued use of Stripe's services after 10 April 2023 is subject to these fee changes. Any termination rights you have under your agreement with us are unaffected by this change. The European Economic Area (EEA) includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway*, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden. * If you are a business based in Norway, please refer to this page for pricing updates.