I'm unsure how stripe is only making 0.38% on transactions, given at least in the UK they are vastly more expensive than other providers on their public pricing.
For example; stripe charges 1.5%+20p for UK cards. Revolut charges 1%+20p for online transactions, 0.8%+2p for in person. I'm sure other providers charge even less than this but they don't make the pricing public easily.
Ayden is perceived to be a lot cheaper than stripe too, so I am surprised they are only getting 20bps more.
What am I missing here? Are margins a lot tighter in the US market, and stripe is extremely US focussed (one possibility?), or are Stripe giving really heavy discounts for volume which really drags down their marigns?
For example; stripe charges 1.5%+20p for UK cards. Revolut charges 1%+20p for online transactions, 0.8%+2p for in person. I'm sure other providers charge even less than this but they don't make the pricing public easily.
Ayden is perceived to be a lot cheaper than stripe too, so I am surprised they are only getting 20bps more.
What am I missing here? Are margins a lot tighter in the US market, and stripe is extremely US focussed (one possibility?), or are Stripe giving really heavy discounts for volume which really drags down their marigns?