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This looks like a solid product. Kudos! 1% feels very fair for the service you're providing. However, you mention 2.9% in processing fees from Stripe. This is
by Cu3PO42 6y ago
This looks like a solid product. Kudos! 1% feels very fair for the service you're providing.
However, you mention 2.9% in processing fees from Stripe. This is accurate for non-EU cards. The fee on cards issued in the EU is only 1.5%. Would those savings be passed along to a seller on your site?
In addition to credit cards, Stripe offers a number of other payment options as well, such as direct debit and many national schemes. Are there plans down the line to add support for those as well?
- aruggirello 6y agoWow, I wasn't aware of that distinction for EU cards. I assumed 2.9. Stripe actually even says 1.4% + €0,25 - I'm going to switch a couple projects to Stripe now. Thanks for pointing it out!!! You made me save a few hundred Euros!
- Cu3PO42 6y agoNot a problem. Thank the EU for capping the interchange fees, as well. Processing cards here is a lot cheaper than in other parts of the world.