Comment by switz

Can someone explain to me if EU card transactions are capped, why Stripe charges me (US) the full ride on my EU customer's cards? In fact, I get charged even more for EU cards – perhaps as much as 2.5% extra.

I just checked and I get charged ~8% in fees on a 10 euro transaction on Stripe. Of course some of that is the low transaction amount (flat 0.30), but it's brutal for a small business like myself.

    2.9% + 1.5% (intl card) + 1% (currency conversion) + 0.30

    Payment amount (€1.00 EUR = $1.15253 USD)
 
    €10.00 EUR -> $11.53 USD

    Fees

    Total:    - $0.93 USD

    Stripe currency conversion fee 
    - $0.12 USD

    Stripe processing fees
    - $0.81 USD

    Net amount
    $10.60 USD

I guess the NA interchange is charging the card, rather than the EU? Could using a MOR reduce the fee structure?