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by iwaffles 2825 days ago
We spent a lot of time building a terminal at Sidestep on top of Stripe (and a few other processors). Everything on the in-person payment level was done through an iOS or Android device. The hardest part wasn't managing devices (they could log in on almost any device), but the hardware integration for accepting credit cards. It exists in various places, but none of it could do exactly what we wanted to do. CardFlight was the closest to being a stripe friendly api for swiping cards. Usually the devices for swiping cards were too expensive and the failure rate was high. I don't think swiping hardware has gone down, unless you're using Square.

But hardware costs aside, the ability to fully integrate with the API on a terminal level is the most powerful thing here. It allows for so many cool POS integrations like the one we building at Sidestep.

To me, the coolest thing about this is that it supports Stripe Connect so you can create a POS that's used by others without having to deal with any money transfer yourself. Customer swipes card -> your software -> client's bank account.

3 comments

(I work at Stripe)

We are excited about the use cases of Connect platforms integrating Stripe Terminal! We have seen a lot of platforms like AtVenue and Mindbody building an end-to-end solution for their users -- completely on Stripe.

how much fee is collected like this? Stripe Connect takes a fee, Stripe Terminal takes a fee, etc.
I don't think the fees stack like that. The terminal page says 2.7% + $0.05 per transaction. I believe that Stripe Connect doesn't take an extra fee, at least not in my experience.
It does. It takes a percentage of the connected user’s sales AND a $2.00 monthly fee per user AND the normal transaction fee.
If there was a competitor to Connect, I would use it. Fees end up being around 3.4%. That’s pretty hard to sell customers on.
So 3.4% for card present? That will not fly except with the smallest of businesses. (which is not where the profit is).
wha are some "cool POS integrations" ? what use cases do you for see making a big splash with this?