4 ms·
3.25% for USD card for EU business + 0.5% for stripe tax + 0.4% for invoice + 0.5% for stripe checkout. It really adds up! MasterCard and Visa are mostly to bl
by gizmo 4y ago
3.25% for USD card for EU business + 0.5% for stripe tax + 0.4% for invoice + 0.5% for stripe checkout. It really adds up!
MasterCard and Visa are mostly to blame here. They haven't innovated at all in the past 30 years and the fees they charge are wildly out of balance with the service they provide. They're awful, and I can't wait to see these credit card companies crash and burn when they get some real competition.
- _5uxp 4y agoMasterCard and Visa as long as keep their moat, they don't need to innovate. Big companies like that will not innovate enough to make fees low. Yearly operating expenses of VISA as a company is nearly $10B with a net income of almost $15B. Not hard to make the math how fees just make the income and moat bigger.