A Creator's guide to fees: What you actually earn.
We believe in full transparency when it comes to your earnings. Here is a complete breakdown of all the fees involved in a transaction on Closr.
The Fee Structure
For every payment a Fan makes, two types of fees are deducted before the final amount is added to your payout balance:
- Closr Platform Fee: 16%
- This is our fee for providing and maintaining the platform, facilitating the connection, and offering support.
- Stripe Processing Fees: 2.9% + $0.30 + $0.50
- This is Stripe's fee for handling the payment transaction securely. It includes a standard processing fee and a $0.50 fee for their Radar fraud protection service, which helps protect you from fraudulent payments.
A Real-World Example
Let's say a Fan pays $100 for a session with you. Here’s how the calculation works:
- Gross Payment: $100.00
- Closr Platform Fee (16%): -$16.00
- Stripe Fees (2.9% + $0.30 + $0.50): -$2.90 - $0.30 - $0.50 = -$3.70
- Your Net Payout: $100.00 - $16.00 - $3.70 = $80.30
Are there any other fees?
In some specific cases, Stripe may apply conditional fees:
- International Fee: 1% if the Fan's payment originates from outside the U.S..
- Currency Conversion Fee: 1% if the payment needs to be converted to your currency.
These fees are charged by Stripe and are only applied when applicable.
Important Notes on Withdrawing Your Funds
Please keep the following in mind when you are ready to withdraw your earnings:
- Minimum Withdrawal: There is a $5 minimum for each withdrawal.
- Withdrawal Frequency: You can make a maximum of 3 withdrawals per week.
- Potential Fees: Please be aware that withdrawing very small amounts might result in additional processing fees. To maximize your earnings, it's often best to let your balance grow before withdrawing.