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by posguy 2052 days ago
Considering the Durbin Amendment capped debit card processing at 0.05% and $0.21 per transaction, and interchange pricing for credit cards ranges from 0.65% to 2.4% plus a few cents for the auth fee, it is pure profiteering that PayPal and Stripe charge this much to process cards.

https://en.wikipedia.org/wiki/Durbin_amendment

https://usa.visa.com/dam/VCOM/download/merchants/visa-usa-in...

1 comments

Good information - thanks for the reply.