What are the fees for contractors who use Stripe Connect?

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Our transition to Stripe Connect will allow us to offer faster contractor payments and more transparency across the contractor payment flow. From a cost perspective, by using Stripe Connect:

  • Remote currently covers the transaction fees, meaning the contractor will typically get the gross amount on their invoice as long as no currency exchange occurred.
  • Remote currently pays the monthly account fees.
  • If the contractor has a Stripe Connect account balance that is different from the employer's billing currency, a FX rate will apply that covers the conversion cost and risk of currency fluctuations.

It's important to note that this is subject to change in the future.

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