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Don't forget it's now 2.9% of $1.37 instead of $1.00. Reducing their piece by another 1 or 2 cents depending on how Stripe rounds
by conductr 9y ago
Don't forget it's now 2.9% of $1.37 instead of $1.00. Reducing their piece by another 1 or 2 cents depending on how Stripe rounds
- ceejayoz 9y agoPatreon does enough volume to qualify for discounts - their Stripe rate is 1.9%, not 2.9%. (This used to be on https://patreon.zendesk.com/hc/en-us/articles/204606125-How-do-you-calculate-fees- https://patreon.zendesk.com/hc/en-us/articles/204606125-How-..., but it's gone now.)
- nojvek 9y agoLooks like they wanna be nice guys running a marketplace at 5% and claiming to be good guys. And then VC dogs biting them to make fatter profits so they find ticket master like shoddy processing fee scams.
- hutzlibu 9y agominus their likely bargain with Stripe. I doubt they pay as much as a small customer.
- dawnerd 9y agoWeird that they’d even use stripe as they could likely skip the middleman and save more money. Stripe is great for small business. Patreon isn’t that.
- BillinghamJ 9y agoStripe isn't really a middleman. In fact, as they also handle the acquiring process with efficient high-volume rates, generally fewer parties are involved than normal. Even for very large businesses, actually processing cards directly is pretty difficult and generally not worth doing. Instead you can just get a processor like Stripe or Adyen to give you good rates on an interchange-plus model.