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How does the pricing between Stripe and Lynbrook compare?

Replies: 25 - Pages: 2 [ 1 2 ] - Last Reply: Apr 28, 2021 10:15 AM by: BlueMtnCabins
Chris Hynes
Registered: 10/19/12
How does the pricing between Stripe and Lynbrook compare?

Yep, it really depends on your volume. Stripe has a higher percentage rate per transaction, but no monthly fee. While Lynnbrook has a lower rate per transaction but has a monthly fee. If you're doing more than 20k/yr or so it usually pencils out in favor of Lynnbrook even after the monthly fee.

Rick A
Registered: 12/4/18
Re: How does the pricing between Stripe and Lynbrook compare?

Has anyone used NationalBankCard.com?

Adria
Registered: 1/27/18
Re: How does the pricing between Stripe and Lynbrook compare?

Has anyone had any experience with Lynnbrook or Costco handling chargebacks?
In talking to Costco, the pricing is as follows:
1.99% + $0.25/transaction
Application fee ($25) and monthly stmt fee ($5) are waived for executive members
But to process online requires a gateway, they use Converge, $149 set up and $5/mo
The will connect for free set up to other gateways, but those seem expensive, too.

How does Lynnbrook compare? Do all set ups require the set up fee and monthly fees?

Becky G
Registered: 11/13/19
Re: How does the pricing between Stripe and Lynbrook compare?

BlueMtnCabins said:

Fractionally it is, but whether it is worth switching. to me wasn't worth a hassle

@BlueMtnCabins and @Sheron Scurlock - I am still trying to figure out the additional fees on Stripe for international and currency exchanges. Have you had any experience with these? And do you know if Lynnbrook has them as well? Since my property is in Florida, international transactions are not uncommon.

BlueMtnCabins
Registered: 6/6/16
Re: How does the pricing between Stripe and Lynbrook compare?

anyone know how much stripe charges per authorization?

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