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I have a small shopify store. Transaction fee for stripe is 2% of my turnover. Paypal is 4%. Paypal is horribly expensive, but customer love it.
by gbersac 8y ago
I have a small shopify store. Transaction fee for stripe is 2% of my turnover. Paypal is 4%. Paypal is horribly expensive, but customer love it.
- pbhjpbhj 8y agoIs that a special deal you get through Shopify? It sounds less than normal fees? We use iZettle now for in-person transactions in our shop instead of a traditional PoS card terminal. We're getting 1.75%, but they're cardholder-present, scanned+pin, transactions which are very low risk. Barclaycard decided we suddenly needed to pay PCI DSS noncompliance fees (our only equipment being their mobile card machine - so no storage of details possible, no network involved, etc.). Cheaper this way, our only loss is no CNP.
- magduf 8y agoDo you sell really cheap products or something? Paypal's fees seem pretty normal from what I've seen: the worst rate, for low-volume sellers, is 2.9% + $0.30 per transaction. So if you're selling things that are only a few dollars each, then those $0.30 fees are going to add up to a significant portion of the product. How is Stripe better?
- AnssiH 8y agoMaybe a different region? Here (Finland) PayPal starts at 3.4% + €0.35 domestic, 4.4% + €0.35 US customers. Stripe is 1.4% + €0.25 EU, 2.9% + €0.25 non-EU cards.