WooCommerce does not charge transaction fees for sales made through the platform. This means that merchants using WooCommerce can keep more of their profits as they are not charged a fee on top of their payment processing costs.
It’s important to note that while WooCommerce itself does not charge transaction fees, payment gateways and processors may charge their own fees for processing transactions. These fees can vary widely depending on the provider and the type of payment being accepted (e.g. credit card, PayPal, etc.).
Other woocommerce payment gateway fees
PayPal standard which is a built-in payment gateway for woocommerce, charges 2.9% + 30 cents per transaction, Stripe, another popular payment gateway that can be integrated with woocommerce, charges 2.9% + 30 cents per transaction as well. This means that merchants using these gateways will have to pay a small percentage of each sale as a transaction fee.
Some merchants may opt to use additional plugins or services, such as subscriptions or recurring payments, that may also come with additional fees. It’s important for merchants to research and compare the fees of different payment providers and services before setting up their store.
conclusion
While WooCommerce itself does not charge transaction fees, payment gateways and processors may charge their own fees for processing transactions. So, merchants should be aware of this and factor it into their pricing when setting up their store. It is important to research and compare the fees of different providers to find the best option for their business.