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by aloukissas 3007 days ago
I'm confused: do you get 0.75% or 1.5% per transaction? Your website says the former.
1 comments

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.
How are your rates so low? Does that not include processing fees from Stripe? (That's what I assume you are using)
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.
Thanks. I was thinking the Stripe fees would be the 2.9% + $0.30c, but I was looking at the wrong thing.