Understanding SquadTrip Payments
SquadTrip Payments
SquadTrip Payments is ideal for individuals and newer businesses (less than 2 years old) that need a simple and instant way to start accepting payments. With this option:
Instant approval – No need for a separate Stripe account.
Free ACH/Wire transfers – Enjoy unlimited transfers at no extra cost.
Free virtual debit cards – Manage your funds easily.
Separate funds from your bank account – Keep your finances organized.
Free SquadTrip Premium upgrade – Access to premium features at no cost.
10% processing fee – Added risk and convenience of using our account.
Stripe Payments
If you have an established business (operating for more than 2 years), Stripe may be a better fit. With this option:
You connect your own Stripe account to process transactions.
Lower processing fee of 6%.
Both options allow you to seamlessly collect payments from your guests. If you’re unsure which one is best for you, feel free to reach out!