That would suggest Amazon, Walmart, target, Macys, etc are in the 50% bucket. Then there’s medical billing which I doubt uses Stripe or PayPal, adult services…

That would suggest Amazon, Walmart, target, Macys, etc are in the 50% bucket. Then there’s medical billing which I doubt uses Stripe or PayPal, adult services… these numbers don’t sound right to me. I think square is a bigger player here too, but maybe that’s largely in person rather than online. Perhaps it’s number of transactions versus told spend? But even that doesn’t quite sound right to me. I’m happy to be wrong here. Googling around it seems Visa/MC are more in the 1-2% range, but there are lots of additional fees and money grabbers on top of this. Im finding it difficult to get a total breakdown of parties and percentages - this is likely by design. Stripe isn’t public yet, so we don’t actually know how much they’re making. I guess when you say “they have a license to print money” in the context of no reason to buy a bank, that’s confusing.