Isn't this pretty much what every processor everywhere charges? I have been out of the industry for 10+ years but I remember this being pretty standard.
It ain't by much, but we're a tiny bit cheaper than Stripe when you consider how much they charge for Billing (.7% for them vs .65% for us). And pretty much every Stripe integration uses Stripe Billing (unless they pair with a 3rd part billing SaaS)
When Stripe entered, people stopped caring about the cost of payment processing. I don't work in the industry anymore, but Stripe became rather popular at the time where I worked on online payments. We looked at it, because the Stripe API and services are really nice, but the cost is just insane.
We where never even close to 2.9% on credit cards, and we'd certainly never consider paying 30¢. Part of that is working out of the EU, that caps your credit card fee, so around 1% and 0.10EUR per transaction is closer to the standard. Then you can start negotiating lower raters from there, depending on the number of transaction you make.
Isn't this pretty much what every processor everywhere charges? I have been out of the industry for 10+ years but I remember this being pretty standard.
It ain't by much, but we're a tiny bit cheaper than Stripe when you consider how much they charge for Billing (.7% for them vs .65% for us). And pretty much every Stripe integration uses Stripe Billing (unless they pair with a 3rd part billing SaaS)
> pretty much every Stripe integration uses Stripe Billing
Isn't Stripe Billing only for subscriptions?
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That's Stripe's transaction fee, not theirs
When Stripe entered, people stopped caring about the cost of payment processing. I don't work in the industry anymore, but Stripe became rather popular at the time where I worked on online payments. We looked at it, because the Stripe API and services are really nice, but the cost is just insane.
We where never even close to 2.9% on credit cards, and we'd certainly never consider paying 30¢. Part of that is working out of the EU, that caps your credit card fee, so around 1% and 0.10EUR per transaction is closer to the standard. Then you can start negotiating lower raters from there, depending on the number of transaction you make.
Don't think there is a cheaper alternative to stripe. Polar and Dodo is 4% + 40¢
Braintree says it is 2.89% + $0.29 USD. Specifically priced at one bip and one cent cheaper lol
Name "Braintree" is much worse than "Stripe" so them being one bip and one cent cheaper is completely cancelled out.
Standard.