4 ms·
I may be out of date but thought the 2.9% price was already a premium price vs getting a merchant account/gateway and the Stripe API was the value for which you
by conductr 6y ago
I may be out of date but thought the 2.9% price was already a premium price vs getting a merchant account/gateway and the Stripe API was the value for which you paid the premium. In which case I’d expect the product features to grow over time without increased pricing. Acting like new revenue is required to grow feature set is a half baked excuse when simple explanation that they intend to further monetize existing features seems more truthful.
- edoceo 6y agoI have PayPal subscriptions billing, it's 2.9% + $0.30/txn - this might be slightly less than Stripe now?
- posguy 6y agoConsidering the Durbin Amendment capped debit card processing at 0.05% and $0.21 per transaction, and interchange pricing for credit cards ranges from 0.65% to 2.4% plus a few cents for the auth fee, it is pure profiteering that PayPal and Stripe charge this much to process cards. https://en.wikipedia.org/wiki/Durbin_amendment https://en.wikipedia.org/wiki/Durbin_amendment https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-interchange-reimbursement-fees.pdf https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-in...
- Ziggy_Zaggy 6y agoGood information - thanks for the reply.