~$3.2B USD in processed transactions through stripe (so far). ~42M transactions.
~$92.8M for 2.9% fee.
~$12.6M for 30 cent fee.
~$105.4M just for processing transactions on a single day.
Above assumes the “standard” pricing [1]. It’s not quite clear how much stripe takes from the 2.9% and 0.30 cut. Likely have to share this with card network and issuing bank.
The invisible hand of traditional banking system taking money out of our pockets every time.
~$92.8M for 2.9% fee. ~$12.6M for 30 cent fee. ~$105.4M just for processing transactions on a single day.
Above assumes the “standard” pricing [1]. It’s not quite clear how much stripe takes from the 2.9% and 0.30 cut. Likely have to share this with card network and issuing bank.
The invisible hand of traditional banking system taking money out of our pockets every time.
[1] https://stripe.com/pricing