Stripe Issuing – An API for creating physical and virtual cards

Re:Stripe Issuing – An API for creating physical and virtual... by praveenperera on Thursday July 26, 2018 @02:30PM (#17619703)

If I use my normal VISA card at a retailer they pay an interchange fee right?

If I create a physical card through stripe, and I use that card at a retailer does the retailer still pay a interchange fee? If so who does that go to? How does that system work?

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Re:Stripe Issuing – An API for creating physical and virtual... by pbreit on Thursday July 26, 2018 @02:47PM (#17619845)

Normal interchange would apply to the merchant but for debit cards it's pretty small. Interchange accrues to the issuer which in this case appears to be Stripe (and/or its issuing partner).

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Re:Stripe Issuing – An API for creating physical and virtual... by pc86 on Thursday July 26, 2018 @03:08PM (#17620048)

Why would the interchange fee be any different or get paid to anyone else in this instance?

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