3 ms·
This is not about actual premium cards. Premium cards are defined by Stripe as: > Commercial, corporate, or business cards issued by Visa and Mastercard The r
by MilaM 4y ago
This is not about actual premium cards. Premium cards are defined by Stripe as:
> Commercial, corporate, or business cards issued by Visa and Mastercard
The reason is that in 2015 the EU capped interbank fees to 0.2% for debit cards and 0.3% for credit cards. Visa and Mastercard (and issuing banks) managed to carve out an exemption for payment cards that are issued to businesses. These cards do have much higher fees. I'm actually surprised that Stripe has refrained so far from charging more for business cards.
- aspyct 4y agoIt's still wrong that I would pay extra for those cards. I understand that different networks have different fees. But I expect one type of card to cost me the same. When you go to a store, you pay the same price, regardless of which card you have. What would be your reaction if you were charged more because you're using a specific type of card? I can't ask my customers to foot the bill, so it's effectively 0.4% I lose.
- WesolyKubeczek 4y agoIt would be bloody nice if the PaymentMethod object included a flag telling if Stripe thinks a card is premium or not.