Spond's business model is built around transactions. Our main goal is to make it easier to organise activities. By helping our users minimise the time they need to spend on admin and finances, we free up valuable time that they can spend on coaching and other valuable activities.
Spond is a free platform and we only make money when our club and group users process their payments through Spond. All transactions are are processed by our secure payments partner, Stripe.
Overview of transaction fees in the Spond App
The prices include transaction costs for our payment provider, Stripe, ensuring the entire payment process is handled safely and securely. This allows you to easily send payments to your members. Members with the app will receive their payment there, while those without the app will get it via email.
NOK | Norway | 2 kr + 2.5%. |
DKK | Denmark | 2 kr + 2.5%. |
SEK | Sweden | 2 kr + 2.5%. |
EUR | Eurozone | €0.20 + 2.5% |
GBP | United Kingdom | £0.20 + 2.5% |
USD | USA | $1.00 + 3.29% |
AUD | Australia | $0.50 + 5% |
CAD | Canada | $0.50 + 5% |
CHF | Switzerland | CHF 0.20 + 2.5%. |
⚠️ Note! Please be aware that Spond Club has its own transaction fees. For more information, see the details on transaction fees in the Spond Club help centre.
Who covers the transaction fee?
By default, the group covers the transaction fee, meaning the total amount paid includes the fee, and the group receives the net amount. Alternatively, groups can choose to have members cover the transaction fees. In this scenario, an additional fee is added so that the group receives the full price for the products after the transaction fee is deducted.