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Stripe and Square are the not terribly expensive, we use both, and they're the cost of doing business past 1992.
by icelancer 8y ago
Stripe and Square are the not terribly expensive, we use both, and they're the cost of doing business past 1992.
- StudentStuff 8y ago2.9% plus 30 cents (in the case of Stripe) is pretty darn expensive, your effectively paying 9% in fees on a $5 transaction. Better processors have slightly lower percentages (~2% & $0.05 to $0.10) but they're often a pain to work with and have a variety of hidden booyah fees that drive up the cost (PCI compliance fees, statement fee, requiring a wired internet connection for a credit/debit terminal). Large chunks of the US still operate primarily in cash to avoid these fees and presumably some taxes, SoCal is a good example of an area where using credit is often discouraged (even Kroger is not accepting Visa!).
- deleted 8y ago[deleted]
- michaelt 8y agoStripe is 2.9% plus 30 cents, which I assume is a bad deal for the vendor if I'm buying a $0.60 bar of chocolate.