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A comment on Do we need to pay billions in fees to Stripe, Block, PayPal and Visa/MC?. Parent comment

Re:Do we need to pay billions in fees to Stripe, Block, PayP... by jahabrewer on Saturday August 17, 2024 @07:06PM (#41278771)
Another way to think about this is in terms of how many marginal customers you get from being able to accept payments over the Web. 4% starts sounding less bad
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Re:Do we need to pay billions in fees to Stripe, Block, PayP... by konschubert on Sunday August 18, 2024 @03:28AM (#41280769)
You can make the same argument for, say, paying protection money to the Mafia or for paying the 30% apple tax.

Just because it’s rational to pay off a monopolistic rent seeker doesn’t mean that the rent seeker generates economic value corresponding to the monopolistic rents they’re extracting.

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