Nah, credit card fees are like 1.5 to 3.5%.
replyCountry dependent, in the EU there is a legal cap of 0.2% for debit and 0.3% for credit card transactions.
replyThat's incredible, so Stripe at 3% plus $0.30 per transactions must be losing money hand over fist!
replyi dont believe any of those companies take anywhere near a 20% cut per transaction
replyAlso, iOS App Store and Google Play Store aren't just straight payment processing, they are Merchant of Record.
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