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I have PayPal subscriptions billing, it's 2.9% + $0.30/txn - this might be slightly less than Stripe now?
by edoceo 6y ago
I 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.