Stripe Is the New PayPal

Re:Stripe Is the New PayPal by jkestner on Friday June 19, 2015 @05:40PM (#9747831)

At the risk of being dense, are you sure you're not talking about debit cards? I've never seen interchange fees lower than about 1% for credit cards. In what I read from the Durbin Amendment, I've only found the specific numbers you mentioned in reference to debit cards.

If I'm wrong, I want the name of your merchant processor!

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Re:Stripe Is the New PayPal by dangrossman on Friday June 19, 2015 @06:16PM (#9748001)

I am most definitely talking about debit cards. I said "fee for charging a debit/check card". They make up 25% of my online processing volume despite being a mostly B2B business. They're probably more than 25% of Stripe's volume.

Visa interchange fees: http://usa.visa.com/download/merchants/Visa-USA-Interchange-...

A screenshot of a transaction report at my processor: http://i.imgur.com/fSycwUS.png

Feel free to e-mail me if you'd like any other clarification or information. It's in my profile.

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Re:Stripe Is the New PayPal by jkestner on Friday June 19, 2015 @07:18PM (#9748250)

Whoops, you did say that, way back in the first post in our thread. Sorry, I've been focused on credit cards — all is clear now. I hadn't thought at all about that wrinkle of Stripe.

I suppose it's (only partially) balanced by the higher AMEX, etc fees.

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