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Comment by posguy

Stripe makes none of the hardware that is currently available (the BBPOS Chipper™ 2X BT or Verifone P400). Not sure which processing platform they are riding atop of these days (perhaps Tsys?) but we maintain a separate First Data account and CardConnect integration since Stripe's support for certain BINs of business cards is lacking. Said banks expect a breakdown of what was taxable to be sent along with the transaction, otherwise the transaction will be declined.

2.7% + $0.05 per transaction is expensive for in person payments. We are averaging 1.2% (since debit is so cheap) for our First Data account, with next day funding (Stripe has variable delivery, sometimes taking up to a week).

parent posguy 5 years ago

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