When you decide to utilize our payments feature, it's important to note that Mighty Networks applies a modest transaction fee for each purchase made. The transaction fee structure is as follows: for those subscribed to the Business Plan, a fee of 2% is applied; the same 2% fee is also applicable for subscribers of the Courses Plan. For members on the Community Plan, the transaction fee is slightly higher, at 3%.
This amount does not get passed on to the member who is purchasing, it’s simply taken out of the amount you receive directly in your connected Stripe account or via Apple payouts. Our full documentation around how you get paid can be found here.
We use Stripe as our payment processor
Stripe and most credit card companies also collect a small fee. With all purchases that members make via the web, Stripe deducts their transaction fees. These typically range between 2.5% and 5%. There are no Stripe fees for purchases made through the Mighty Networks iOS app. More details about using Stripe for your Mighty Network can be found here. Here are the countries that Stripe operates in. Note that Stripe has a restriction for cross-border accounts in Stripe India, Malaysia, Brazil, and the Philippines.
We don't support PayPal or other payment types directly in the product just yet. You can read more about how to set up Stripe here.
For purchases made through the Mighty Networks iOS app, all payments are processed using Apple In-App Purchases and these are managed via the App Store. When a member buys through iOS, Apple’s standard policy requires that they take a 15% transaction fee per each transaction. Mighty Networks does not charge a transaction fee for any iOS purchases. Also keep in mind that when you create a new plan and set up pricing for that plan, you always have the option to increase the price only on iOS, as a way to offset Apple's required fees.