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I am also confused how Stripe, who collects fees on billions and billions of transactions, could somehow not be a very very wealthy company. However Block, Inc
by liveoneggs 4y ago
I am also confused how Stripe, who collects fees on billions and billions of transactions, could somehow not be a very very wealthy company.
However Block, Inc (formerly square) is also not profitable!
https://finance.yahoo.com/quote/SQ https://finance.yahoo.com/quote/SQ with EPS of -0.17
- dumbmachine 4y agoConsidering they are in the same segment, Adyen seems to be doing fine. EPS of 17.64 https://finance.yahoo.com/quote/ADYEN.AS/ https://finance.yahoo.com/quote/ADYEN.AS/ Could be a result of smaller product suite and headcount of Adyen.
- jtc331 4y agoThe vast majority of those fees flow through to payment networks and issuing banks.
- fastball 4y agoI don't think it's the vast majority. Stripe charges ~2.9% + $0.30, and seems like Mastercard / Visa are probably taking around 1.15% + $0.05. So the vast majority should still be going to Stripe.
- MagicMoonlight 4y agoIt’s as easy as one, two, steal all the earnings and indebt the company before running away