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I agree. I would love Stripe 10X more if they'd offer much lower prices. Their fees become really huge as your business grows beyond 50k MRR
by longtermd 7y ago
I agree. I would love Stripe 10X more if they'd offer much lower prices. Their fees become really huge as your business grows beyond 50k MRR
- deleted 7y ago[deleted]
- leesalminen 7y agoIdk, we’re at 5x that and the stripe fees are such a small part of our overall costs that it hasn’t been worth it to optimize there yet. We’ve found so many other places to optimize over time with bigger cost savings. We just revamped our hosting on AWS and saved $6k/mo or so. Totally worth it.
- GeneralTspoon 7y agoIt highly depends on the price of the product you’re selling. If you’re selling 2.99 monthly subscriptions, then Stripe is eating ~13% of your revenue (30c + 2.9%). Or ~$6k per month in the grandparent commenter’s case ($30k in your case). If you’re selling 99.99 monthly subscriptions, then it’s only ~3% of revenue. Contrast this to PayPal who offer a “micro payments” solution for such cases - where it’s a flat 5% + 5c fee.