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Thanks for the feedback. It is 0.75% from both sides. We tried to write the landing page from the developer’s perspective, but we will change this to make th

by nigelg 9y ago

Thanks for the feedback. It is 0.75% from both sides. We tried to write the landing page from the developer’s perspective, but we will change this to make the pricing more clear.

Jefro118 9y ago
How are your rates so low? Does that not include processing fees from Stripe? (That's what I assume you are using)
- aloukissas 9y ago
  Actually, the fees aren't that low: a) stripe charges 0.8% per ACH transaction, so that's almost a 2x profit margin at 1.5% fee; b) stripe also puts a cap of $5 per transaction, so the 2x profit margin is even higher once the transaction is over $625. Always be wary of % fees w/o a cap.
  - Jefro118 9y ago
    Thanks. I was thinking the Stripe fees would be the 2.9% + $0.30c, but I was looking at the wrong thing.