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A comment on Stripe raises $600M at nearly $36B valuation. Parent comment

Re:Stripe raises $600M at nearly $36B valuation by GarrisonPrime on Friday April 17, 2020 @09:28AM (#22898796)
Wow, so expensive either way. European card processing is around 1.7% from what I’ve seen. American banks are atrocious. Is the Federal Reserve rate responsible for this.

American banks also take forever to transfer payments, which drives me mad. There is this massive amount of money just in limbo, a sort of shush cash pile, which the banks make interest off of while the owners of the money fume waiting for permission to use their own money. Grr. /rant

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Re:Stripe raises $600M at nearly $36B valuation by lotsofpulp on Friday April 17, 2020 @10:32AM (#22899275)
>Is the Federal Reserve rate responsible for this.

No, it’s caused by the fact that I get a minimum of 2.625% cash back on all purchases, and actually 5.25% on all online and most of my other purchases with credit cards.

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