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Stripe charges 2.9% + $0.30 per transaction. https://stripe.com/en-ca/pricing https://stripe.com/en-ca/pricing So for a dollar, it is a 32.9% charge. I assum
by MattGaiser 6y ago
Stripe charges 2.9% + $0.30 per transaction.
https://stripe.com/en-ca/pricing https://stripe.com/en-ca/pricing
So for a dollar, it is a 32.9% charge.
I assume that there are other higher and lower priced options and that Google/Apple would get a bulk discount.
- Dylan16807 6y agoFor small transactions you can easily get a rate of 5% + $0.05 If you're paying a 1/4 to 1/3 cut for $1 purchases, that's basically on you, not the credit card companies.
- m00x 6y agoLet's stop using $1 as a bar since it's extremely misleading. The lowest purchase of Robux is $5 USD, which would make the charge $0.46, or less than 10%. This is also Stripe's added-on fee. Large players also get very little interchange fees charged onto them because they can negotiate. https://www.businessinsider.com/heres-how-much-walmart-pays-in-interchange-fees-2014-3 https://www.businessinsider.com/heres-how-much-walmart-pays-... Walmart pays very little interchange, I can also assume Google/Apple negotiated good rates.
- ZephyrBlu 6y agoReally weird how the example was $1. Micropayments is a common problem that is yet to be solved as far as I'm aware, so choosing the worst possible example to paint CC/payment processing companies in a bad light is extremely disingenuous.
- microtherion 6y ago99 cents is a very common price point for paid phone apps, and when Apple originally introduced its fee structure, there were some doubts if they'd manage to even run this at break even.
- donmcronald 6y agoIt’s been a very, very long time since I bought something for $1 on an App Store. Most stuff is $3-5 now based on my experience.