3 ms·

Now multiply that number by 2% which is about what stripe charges per transaction. Pretty nice revenue

• ashishb 3y ago
  They have to pay credit card company from it.
  • capableweb 3y ago
    Ah, of course, they make no money per transaction hence.
    • terminous 3y ago
      No, but they don't get to take the full 2% that VISA/MC charge vendors.
• thallium205 3y ago
  You have to subtract interchange fees from that.
  • codethief 3y ago
    To be fair, GP did say "revenue", not "profit".
    • smokefoot 3y ago
      Probably not actually treated as revenue. Those charges get netted out before they’re reported as revenue (interchange is a “contra” revenue line)
    • thallium205 3y ago
      Wells Fargo, as their acquiring bank, pulls the fees prior to remitting the funds to them.