Re:Stripe migrates Stripe Subscriptions users to more expens...
by edoceo on Thursday November 12, 2020 @09:12PM
(#25078040)
I have PayPal subscriptions billing, it's 2.9% + $0.30/txn - this might be slightly less than Stripe now?
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Re:Stripe migrates Stripe Subscriptions users to more expens...
by posguy on Thursday November 12, 2020 @09:51PM
(#25078260)
Considering the Durbin Amendment capped debit card processing at 0.05% and $0.21 per transaction, and interchange pricing for credit cards ranges from 0.65% to 2.4% plus a few cents for the auth fee, it is pure profiteering that PayPal and Stripe charge this much to process cards.
https://en.wikipedia.org/wiki/Durbin_amendment
https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-in...
Re:Stripe migrates Stripe Subscriptions users to more expens...
by Ziggy_Zaggy on Friday November 13, 2020 @12:39PM
(#25084997)
Good information - thanks for the reply.