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Bank transfers don't really cost $5. The typical price for an ACH transfer is more like $0.05, down to $0.01 at scale. Stripe is making a nice profit on these b
by bebrown2 11y ago
Bank transfers don't really cost $5. The typical price for an ACH transfer is more like $0.05, down to $0.01 at scale. Stripe is making a nice profit on these because it's really hard to get an FI to do this for you if you are a startup.