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> Credit cards, on the other hand, can easily run you 30% on a $5 transaction here in the US, due to the unjustifiable fixed + percentage structure. Maybe it’s
by wenc 2y ago
> Credit cards, on the other hand, can easily run you 30% on a $5 transaction here in the US, due to the unjustifiable fixed + percentage structure. Maybe it’s a little better in Canada.
Are you sure it's 30%? Credit card fees are usually in the order of 3% + minimum fixed charge. Stripe is 2.9% + 30 cents.
There are some extra charges for manually entered cards, international cards, etc. but even if you max that out it's still only 11.2%, not 30%.
https://stripe.com/pricing https://stripe.com/pricing
- matthewdgreen 2y agoYou’re absolutely right. I was thinking of smaller transactions. It’s “only” 11% for a cup of coffee. For comparison in my high sales tax city the tax rate is 6%, and that funds a huge fraction of our municipal infrastructure