In terms of billing and payments, Flipsnack uses a 3rd party payment processor and billing provider (also called Stripe or Payment processor) to handle the payment flow. For this purpose, you will be required to create a Stripe account and connect it to the Flipsnack payment processor account, in order to send and receive money.
I. The first step when setting a publication for sale is to connect your Flipsnack account with Stripe. In this article, you can find the exact steps to follow in order to create a Stripe account.
You will be required to allow Flipsnack to charge customers fees for the digital goods they purchase from you, on your behalf. The billing information of your customer will be stored on your Stripe account and on ours as well. However, no confidential card information will be made available to Flipsnack or to you.
Each buying transaction happens in 2 phases:
- The buyer makes a purchase on Flipsnack through our account on the payment processor.
- Stripe processes the order and sends appropriate amounts to your seller account.
II. The second step is to set a price for the publication. Usually, the price of a digital magazine varies between $3 - $6, depending on the page number of the publication. Please keep in mind that on Flipsnack the buyer pays the displayed price, and all Stripe fees will be supported by the seller, by being retained from every successful transaction ended on Flipsnack.
III. Choose the right preview pages. Make sure the pages included in your preview edition share enough information, so your readers are attracted to purchase the publication.