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Comment by onlyrealcuzzo

8 hours ago

The majority of which is going directly to Visa, Amex, Mastercard.

i dont believe any of those companies take anywhere near a 20% cut per transaction

  • Also, iOS App Store and Google Play Store aren't just straight payment processing, they are Merchant of Record.

That's incredible, so Stripe at 3% plus $0.30 per transactions must be losing money hand over fist!