Warning
You are browsing the documentation for the new Sharetribe Web Template. If you are using FTW-daily, hourly or product, see the legacy documentation.

Last updated

What is the minimum transaction size

The minimum transaction size is the lowest amount possible to transact through your marketplace.

Table of Contents

The Minimum transaction size helps you avoid losing money on small transactions. Like most other payment gateways, Stripe will take a fee from each payment on your marketplace. Since the Stripe fees are charged to the marketplace and not the buyer or seller, it is important to consider the minimum amount you are willing to process. Certain transaction sizes in certain countries (Stripe fees are region specific) could result in you being unable to make reliable profits on a processed transactions.

In practice, the minimum transaction size is enforced by determining the minimum listing price that sellers can add to their listings.

For example, if you set the minimum transaction size in your marketplace as $10, in practice what you are doing is setting the minimum listing price. Providers won’t be able to list an item below this set price of $10. Even if the expected or average transaction size would larger. The validation is done at listing creation, and not at the transaction level.

You can set the minimum transaction size from your Console → Minimum transaction size page.