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 fees charged by our payment provider, Stripe, as well as the safe and secure handling of the entire payment process. This makes it easy for you to send out payment requests to your members. Members who use the app will receive the request directly in the app, while those who do not will receive it by email.
In the Spond app, the transaction fee is calculated per product, both for mandatory amounts and any optional products. This means that if a payment request contains several products, the fee is added to each individual product selected. Therefore, there is not just one overall fee for the entire purchase, but one fee per selected product.
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!
Spond Club has its own pricing for transaction fees. Additionally, specific NIF fees apply to clubs affiliated with the Norwegian Sports Federation (NIF) in Norway.
👉 For more information, see the details on transaction fees and charges 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.