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They've been chipping away at the grandfathered accounts this year. What bothered me the most was earlier this year when they stopped refunding fees when issui
by TAForObvReasons 6y ago
They've been chipping away at the grandfathered accounts this year.
What bothered me the most was earlier this year when they stopped refunding fees when issuing refunds. They rolled out a feature during the early days of the pandemic, and in the same week they started charging older accounts for refunds https://news.ycombinator.com/item?id=22371330 https://news.ycombinator.com/item?id=22371330
- dawnerd 6y agoIs there anyone left that refunds fees? Paypal stopped last year and AFAIK all of the other processors also keep the fee.
- TAForObvReasons 6y agoAmazon payments apparently does: https://pay.amazon.com/help/201212280 https://pay.amazon.com/help/201212280 > If a refund takes place, you will also be refunded the following transaction fees: > - The domestic processing fee (for example, the 2.9% fee) > - The cross-border processing fee (for example, the 3.9% fee) > Note that the Authorization fee and Disputed chargeback fee are non-refundable. So it looks like Amazon Payments holds onto the 30 cents but refunds the variable part. It's obviously not zero, but for a $100 domestic charge Amazon's 30 cents is much less than the $29.30 that Stripe pockets.
- Cieplak 6y ago> but for a $100 domestic charge Amazon's 30 cents is much less than the $29.30 that Stripe pockets Is this true?
- ceejayoz 6y agoNo, it'd be $3.20. 2.9% + $0.30/transaction.
- ddispaltro 6y ago$2.90 + $0.30, you mean?
- thebean11 6y ago> $29.30 God I hope the decimal is just in the wrong place there
- fphhotchips 6y agoIt is, but as they also added the extra 0, it indicates they were actually out by a factor of 10 in their math, it wasn't just a typo.
- _kyran 6y agoBraintree only takes the $0.30 and refunds the percentage.