Here’s an overview of the transaction fees charged by Spond in different regions. These fees include the costs from our payment partner, Stripe.
Transaction Fee Options
By default, the transaction fee is covered by the club. This means the fee is deducted from the total amount paid, leaving the club with the product price minus the transaction fee.
If the club prefers, they can choose to have members cover the transaction fee. In this case, an extra fee is added to the total price, ensuring the club receives the full product amount after the transaction fee is deducted.
Spond Club Transaction Fees by Currency
EUR (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Netherlands, Spain) | 2.5% + €0.20 |
GBP (United Kingdom) | 2.5% + £0.20 |
USD (USA) | 3.29% + $1.00 |
AUD (Australia) | 5% + AU$0.50 |
CAD (Canada) | 5% + CA$0.50 |
CHF (Switzerland) | 2.5% + CHF0.20 |
NOK (Norway) | 2.99% of the invoiced amount + 2 NOK (see more under “NIF membership fee” further down the page) |
DKK (Denmark) | 2.5% + 2 kr |
SEK (Sweden) | 2.5% + 2 kr |
⚠️ Note! Please be aware that the Spond App has its own transaction fees. For more information, see the details on transaction fees in the Spond App help centre.
Managing Transaction Fees in Spond Club
Clubs have two options when collecting payments, such as membership and training fees:
Include the transaction fee in the product price
Include the transaction fee in the product price
How it works: The transaction fee is included in the price paid by members. This means that the club receives the product price minus the transaction fee.
Formula: Product price x percentage fee + fixed fee
Example: For a product that costs 1000 NOK:
1000 NOK x 2.99% + 2 NOK ≈ 32 NOK
The member pays 1000 NOK, and the club receives 968 NOK after the fee of 32 NOK has been deducted.
Add the Transaction Fee to the Product Price
Add the Transaction Fee to the Product Price
How it works: The transaction fee is added to the price that members pay. This ensures that the club receives the full amount for the product.
Formula: Total price incl. transaction fee x percentage fee + fixed fee
Example: If the club wants to receive 1000 NOK for a product:
1033 NOK x 2.99% + 2 NOK ≈ 33 NOK
The member pays 1033 NOK, and the club receives 1000 NOK after the 33 NOK fee has been deducted.
Norwegian Sports Federation(NIF) Membership Fee (Applies Only in Norway 🇳🇴)
For clubs integrated with the Norwegian Sports Federation (NIF) and using Spond as their membership system (Spond Club), two additional fees apply to invoices sent via Spond Club for the collection of the annual membership fee:
Spond’s general transaction fee of 2.99% on the collected amount, plus a fixed fee of 2 NOK per payment.
Annual fee of 27 NOK per member. This annual fee covers the club’s costs to Spond for using Spond Club. (This fee is charged only once per year per member.)
Each club using Spond Club can choose whether to include the members’ share of the Spond Club cost in the membership fee or display this cost as a separate item on the invoice per member.
Transaction Costs for Membership Fees that Must Be Reported to NIF
Include Costs in the Product Price for the Membership Fee
Include Costs in the Product Price for the Membership Fee
How It Works: The transaction fees + annual cost are included in the price members pay. This means the club receives the product price minus the transaction fees and the annual cost per member of 27 NOK.
Formula: Product price x percentage fee + fixed fee + annual cost per member
Examples:
#1, for a product that costs 1000 NOK
1000 NOK x 2.99% + 2 NOK + 27 NOK ≈ 58.90 NOK
The member pays 1000 NOK, and the club receives 941.10 NOK after the fee of 58.90 NOK has been deducted
#2, For a product that costs 300 NOK
300 NOK x 2.99% + 2 NOK + 27 NOK ≈ 39.97 NOK
The member pays 300 NOK, and the club receives 206.03 NOK after the fee of 39.97 NOK has been deducted
Add Transaction Fee and Annual Cost (27 NOK/member) to the Product Price in Membership Fee
Add Transaction Fee and Annual Cost (27 NOK/member) to the Product Price in Membership Fee
How it Works: The transaction fee + annual cost is added to the price paid by members. This ensures that the club receives the full amount for the product.
Formula: Total price incl. transaction fee x percentage fee + fixed fee + annual cost/member
Example: If the club wants to receive 250 NOK for a product:
287.60 NOK x 2.99% + 2 NOK + 27 NOK ≈ 37.60 NOK
The member pays 287.60 NOK, and the club receives 250 NOK after the fee of 37.60 NOK is deducted.
Frequently Asked Questions
Who covers the transaction fees in Spond Club by default?
Who covers the transaction fees in Spond Club by default?
By default, the club covers the transaction fees. This means the fee is deducted from the total payment amount, leaving the club with the product price minus the transaction fee.
Can the club choose to pass the transaction fees on to the members?
Can the club choose to pass the transaction fees on to the members?
Yes, the club can choose to have members cover the transaction fees. In this case, the fee is added to the total product price, ensuring the club receives the full amount after the fees are deducted.
How does including the transaction fee in the product price work?
How does including the transaction fee in the product price work?
When the transaction fee is included in the product price, the member pays a set amount, and the club receives that amount minus the transaction fee.
Can I change the option of who covers the transaction fees after the payment request is sent?
Can I change the option of who covers the transaction fees after the payment request is sent?
No, once the payment request is sent out, you cannot change who covers the transaction fees. Make sure to select the preferred option during the setup process.
How are transaction fees calculated when members cover the fees?
How are transaction fees calculated when members cover the fees?
When members cover the fees, the total amount is calculated using the formula: (Total price including fee) * percentage fee + fixed fee.
Are there any differences in fees for different payment methods?
Are there any differences in fees for different payment methods?
No, the transaction fees listed apply to all payment methods handled through Spond Club, regardless of how members pay.
Is there a way to view and track transaction fees in Spond Club?
Is there a way to view and track transaction fees in Spond Club?
Yes, Spond Club provides detailed payment reports that include information about transaction fees, making it easy for clubs to track and manage their finances.