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A comment on Visa, Mastercard mull increasing fees for processing transactions: WSJ. Parent comment

Re:Visa, Mastercard mull increasing fees for processing tran... by adrr on Friday February 15, 2019 @03:39PM (#19174506)
Stripe and Square will just raise their fees. Visa/MC are the network, you still need a processor. For low volume transactions, its normal for a processor to offer a merchant blended rate. For higher volume, you pay interchange + processing fee. Stripe offers interchange plus pricing if you have enough volume.

Visa even owns a low volume processor called authorized.net that charges same fees as stripe. They also own cybersource which specializes in high volume processing which operates on an interchange plus model.

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Re:Visa, Mastercard mull increasing fees for processing tran... by abalone on Friday February 15, 2019 @06:50PM (#19175892)
> Stripe offers interchange plus pricing if you have enough volume.

Are there published details on this? What is their markup?

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Re:Visa, Mastercard mull increasing fees for processing tran... by adrr on Friday February 15, 2019 @07:59PM (#19176263)
Most interchange plus pricing is negotiated and covered by NDAs.

Generally, Interchange plus fees(not stripes) range fixed of 0.05 with 10bips settlement fee all the way down to fractions of a penny if you're doing millions of transactions per month. Authorized.net used to do 0.10 and 25bips settlement but I think they only do blended rates now.

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Re:Visa, Mastercard mull increasing fees for processing tran... by csdreamer7 on Saturday February 16, 2019 @05:25AM (#19178043)
Wow... Visa purchased Authorized.net in 2010. They were one of the big ones for startups besides PayPal.
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Re:Visa, Mastercard mull increasing fees for processing tran... by adrr on Saturday February 16, 2019 @12:56PM (#19179857)
Authorized.net was in decline in 2010. They never released a method to pass the card numbers on the front side which made customers servers in-scope for full PCI compliance.
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