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A comment on Stripe Terminal – Programmable point of sale. Parent comment

Re:Stripe Terminal – Programmable point of sale by tyingq on Monday September 17, 2018 @12:42PM (#18007495)
It's specific to the US. Within the US, if have your own merchant account, "card present" is a lot cheaper than "card not present".

So far, companies like Paypal, Square, and now Stripe, don't pass those savings on. They all have one rate that doesn't differentiate.

[ Parent | on HN ]
Re:Stripe Terminal – Programmable point of sale by docker_up on Monday September 17, 2018 @12:44PM (#18007532)
More importantly, fraud rates are much lower with CP than CNP. If the Visa/MC in the US goes with a PIN-type system like the rest of the world, fraud rates drop to near zero, which makes Card Present insanely profitable for them.
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