Hacker News new | ask | show | jobs
by rasengan 4539 days ago
Bravo to transparency. Isn't this expensive though?
4 comments

Balanced employee here. You can compare yourself:

* http://blog.balancedpayments.com/volume-pricing/

* https://stripe.com/us/pricing

* https://www.braintreepayments.com/faq control-f pricing

TL;DR: Everyone has 2.9% + 30ยข on their page, Stripe mentions to email them for a discount if you're doing over $1MM/year.

PayPal's volume pricing has always been public as well:

    $0 - $3,000/month	2.9% + $0.30
    $3,000 - $10,000	2.5% + $0.30
    $10,000 - $100,000	2.2% + $0.30
    $100,000+		1.9% or less, requires calling sales
Nonprofits automatically get 2.2% with no minimum volume, and in-person transaction with a PayPal Here dongle on your phone/tablet automatically get 2.7% flat with no minimum volume.

https://www.paypal.com/webapps/mpp/merchant-fees

PayPal's open pricing was part of the inspiration for opening up our pricing tiers. PayPal however sells directly to merchants. Balanced sells to marketplaces, which benefit from the aggregated volume of merchants on their platform, hence the higher transaction volume criteria for our tiers.
It's the same pricing as all their competitors if I recall correctly.
Uh...no. In fact, 1.9% is probably way less than their costs (ie, unsustainable).
It's not.