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Stripe etc don't charge more for Amex in Europe than Visa/MC though. Any ideas how they do that? I assumed they would pass on the higher prices.
by martinald 6y ago
Stripe etc don't charge more for Amex in Europe than Visa/MC though. Any ideas how they do that? I assumed they would pass on the higher prices.
- avianlyric 6y agoStripe’s pricing is quite a bit higher than many of their competitors. They roll up what is quite a complex pricing structure (there are pages and pages of network fees to consider) into a single number. For most people not having to deal with the details makes Stripe worth it. But once to get to a certain scale it becomes much cheaper to use a competitor, and just have people working full time on understanding and managing the fees involved.
- martinald 6y agoYeah, quite interesting that. Adyen charges ~1% for Visa and MC in Europe, but 3.95% for Amex. Stripe just charges 1.9% for all European cards, so they are actually significantly cheaper than Adyen to accept Amex.