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0 pointseole6663y ago0 comments

Well you're right, if you create it from scratch. I was rather thinking about creating a simple payment handling module centralizing your bank's own pro platform and other things like paypal, apple pay ... etc

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cdeangel3y ago

Most of those processing fees get paid out to the card issuer. Square has a good breakdown here: https://squareup.com/payments/our-fees

You're not getting away from those fees, no matter what backend system you're using to process cards. How do you think credit cards make money on those reward programs?

joshmanders3y ago

I'd wager the idea behind this isn't to avoid fees but to avoid being swept up in automated systems where they don't care to resolve because even at $400k, you're still "small fish" and you have to reach out to the admin of a industry forum just to get your issue resolved.

eole666OP3y ago

Yep, but at least you get payment on your bank account directly.. And for Apple pay, PayPal or things like that I imagine if it's done using stripe on top of that, fees of each platform add up with stripe fees ? Or maybe not ?

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