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>Since each credit card payment will cost Starbucks 1-2% in interchange fees paid to the card networks and banks, the company saves a lot of money by guiding cu
by notatoad 7y ago
>Since each credit card payment will cost Starbucks 1-2% in interchange fees paid to the card networks and banks, the company saves a lot of money by guiding customers to its payments app.
i'm not sure this is true. they're definitely saving something on the interchange, but not 1-2%. reloading your starbucks card is done by a credit card payment, so they're still paying that percentage fee one way or another.
- gamblor956 7y agoThey're not saving on the % fee, they're saving on the fixed portion of the interchange fee, which is between $0.10 and $1.00 depending on the card.
- benmanns 7y agoYeah the savings would be on the flat rate (Stripe charges $0.30, who knows that Starbucks pays). Grocery stores, convenience stores, etc, are also not selling Starbucks gift cards for free.