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The majority of which is going directly to Visa, Amex, Mastercard.
by onlyrealcuzzo 8mo ago
The majority of which is going directly to Visa, Amex, Mastercard.
- john_strinlai 8mo agoi dont believe any of those companies take anywhere near a 20% cut per transaction
- dbbk 8mo agoAlso, iOS App Store and Google Play Store aren't just straight payment processing, they are Merchant of Record.
- Legend2440 8mo agoNah, credit card fees are like 1.5 to 3.5%.
- sofixa 8mo agoCountry dependent, in the EU there is a legal cap of 0.2% for debit and 0.3% for credit card transactions.
- onlyrealcuzzo 8mo agoInterchange is $0.35. On small transactions, that eats up a lot.
- rezonant 8mo agoThat's incredible, so Stripe at 3% plus $0.30 per transactions must be losing money hand over fist!