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Credit card companies also make a huge amount of revenue from merchant fees. Every transaction carries a fixed and percentage-based fee. Often something like $0
by bitcoinbutter 7y ago
Credit card companies also make a huge amount of revenue from merchant fees. Every transaction carries a fixed and percentage-based fee. Often something like $0.29 + 2.5%.
Payment companies like Alipay have much lower fees to the merchant, from what I recall.
- hrktb 7y agoThat's pretty expensive. Even Stripe is below that (1.5%) in EU, going another PSP gets it down to something lower in general. E.g. for Adyen it's 1.1% with 1.1E fixed. [0] https://www.adyen.com/pricing/full-list https://www.adyen.com/pricing/full-list
- toomuchtodo 7y agoInterchange fees are regulated in Europe. https://ec.europa.eu/commission/presscorner/detail/en/IP_19_2311 https://ec.europa.eu/commission/presscorner/detail/en/IP_19_...