[plantedd]

It doesn't quite answer the question, but we use GoCardless to handle payments from our sellers on our marketplace and that's 1% per transaction - the difference is that it's processing direct debit payments (withdrawals direct from one bank account to another) instead of credit cards.

It seems to be partially down to the underlying costs of processing credit cards and partially down to competition.

[ams6110]

WePay also charge lower fees for direct bank account debit than credit or debit cards. Not sure Stripe offers this.

[NonEUCitizen]

What is your experience with GoCardless? How do they handle chargebacks?

[alexchamberlain]

Do charge backs exost in a direct debit world?

[PeterisP]

Yes, and I'd say they are even harsher than for creditcards - i.e., return cash first and ask questions later.

The DD system doesn't do dispute resolution - you can make DD's easily, but the customer can revert anything he 'didn't agree to' and that's it; and the EU rules allow doing that for at least 13 months (UK says unlimited, I'm not sure on that).

[dangrossman]

> Yes, and I'd say they are even harsher than for creditcards - i.e., return cash first and ask questions later.

That's how it works with credit cards as well. You're always debited before you're even notified of the chargeback.