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A comment on PayPal vs. Stripe for small businesses in 2019. Parent comment

Re:PayPal vs. Stripe for small businesses in 2019 by ValentineC on Wednesday March 27, 2019 @01:36PM (#19503484)
> But PayPal has quite large fees. From a 9 USD payment, they take like 10%.

Isn't this because the flat fee is something like 50 cents, and you pay an additional ~3.x% on top of that?

[ Parent | on HN ]
Re:PayPal vs. Stripe for small businesses in 2019 by ksec on Wednesday March 27, 2019 @01:46PM (#19503660)
Yes, I think it is like 35 Cents + 3.5% or something like that, end up being ~7.5%. And if you include other cost like chargeback etc and averaged out it is likely close to 10%.

Which is why I don't understand how Patreon operate at only 5%.

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Re:PayPal vs. Stripe for small businesses in 2019 by ValentineC on Saturday March 30, 2019 @01:47PM (#19530719)
> Which is why I don't understand how Patreon operate at only 5%.

I don't have a Patreon account myself, but it seems like their 5% cut is separate from any payment processing fee that their creators incur: https://support.patreon.com/hc/en-us/articles/204606125-How-...

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