Re:Launch HN: FlyCode (YC S22) – Stop losing revenue due to ...
by npollock on Wednesday October 30, 2024 @01:55PM
(#41998197)
doesn't Stripe have an interest in maximizing this revenue recovery? they earn a percentage of successful charges
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Re:Launch HN: FlyCode (YC S22) – Stop losing revenue due to ...
by JakeVacovec on Wednesday October 30, 2024 @02:11PM
(#41998409)
It's a diminishing returns problem... If they charge 2.9% + $.30 as their standard pricing, they are only keeping a small % of that as the issuer (Chase) gets the largest piece of the pie and the network (Visa) takes their cut too. If each declined authorization costs Stripe $.25, each attempt chips away at their margin.