OpenCourt + Stripe Integration
OpenCourt uses Stripe to allow you to collect the payments from your customers for things like court reservations, event signups, memberships, POS.
Stripe is a leading online and in-person payment processor that’s used by millions of businesses on their websites and applications. We choose it because it’s extremely reliable, has amazing customer support, and it supports the vast variety of payment types OpenCourt processes for you on the platform. You can learn more about Stripe here.
OpenCourt does not directly process transactions through itself. OpenCourt doesn’t hold any of your funds; all payments processed through OpenCourt go directly to your Stripe account, and from there to your bank account. OpenCourt is simply a facilitator and authorizes transactions on the behalf of your Stripe account. Your customers will see your business name on their credit card statement, not OpenCourt.
Stripe pricing is very similar to most payment processors. There’s no monthly fee; stripe takes a small portion of each payment processed through it. No matter what payment processor you use, if you process transactions, you WILL end up paying such fee. Stripe keeps some of that fee, the rest of the fee goes to the banks involved in the transactions and the payment network, such as Visa/MC/Amex. Whether you use OpenCourt or any other platform, a payment processor is involved behind the scenes and the payment processing fees will be collected from the revenue you collect.
Stripe fees are listed here. The fees are lower for in-person transactions via the terminal, and slightly higher for online transactions. They’re generally inline with other online payment processors.
Payment processing fees are generally considered a cost of doing business – and you’ll generally make significantly more revenue if you accept credit cards compared to the amount of fees you’ll pay. That said, if you’re a business that’ll be processing a high volume of transactions, you can negotiate custom pricing with Stripe, including IC+ pricing.
Your Stripe account is exactly that: it’s yours. While OpenCourt team will often help set it up, we don’t and can’t manage your Stripe account. It is your responsibility to set up your Stripe settings such as Payouts so you can receive disbursements into your bank account.
Do NOT turn on Stripe Tax (stripe’s paid service to calculate and apply sales tax) when using Stripe with OpenCourt. OpenCourt calculates, applies, and keeps track of your sales tax automatically. Turning on Stripe Tax will result in sales tax double-charged in certain situations.
You will often want to give your accountant limited (read-only) access to your Stripe account so that they can run reconciliation reports.