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> Square was charging Starbucks 2.75% and Starbucks' average $5 debit transaction was killing them. That's a somewhat separate issue. That's because Square doe
by abalone 8y ago
> Square was charging Starbucks 2.75% and Starbucks' average $5 debit transaction was killing them.
That's a somewhat separate issue. That's because Square doesn't charge an absolute component ("+ $0.xx"), not because their percent component markup wasn't huge. In any case, Stripe suffers no such problem.
- CardFellow 8y agoIndeed, and it's part of why Square was a (ha) square peg in a round hole. Incidentally, it's also why they have other pricing now that does have a per-transaction fee.