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Stripe is also one of the most expensive payment services - enough so that I worked at a company where we had an in-house payments frontend for Asia which was b
by XorNot 2y ago
Stripe is also one of the most expensive payment services - enough so that I worked at a company where we had an in-house payments frontend for Asia which was basically a common integration over about 6 different major regional banks. The reason was pretty obvious: Stripe was something like a 2.5% surcharge, our system 0.2-0.5%. That was a huge difference in revenue.
- gaadd33 2y agoHow did you get the visa and mastercard interchange fees down so low? Just the interchange fees for non debit cards can be as high as 2.5% (premium travel cards for example), not even mentioning Stripe's fee then.
- XorNot 2y agoAFAIK it was basically just minimising Stripes cut so overall the cost may have been higher then that.