The majority of which is going directly to Visa, Amex, Mastercard.

Nah, credit card fees are like 1.5 to 3.5%.

john_strinlai 4 hours ago | parent | prev | next [-]

i dont believe any of those companies take anywhere near a 20% cut per transaction

	▲	dbbk 3 hours ago \| parent [-]
		Also, iOS App Store and Google Play Store aren't just straight payment processing, they are Merchant of Record.

rezonant 3 hours ago | parent | prev [-]

That's incredible, so Stripe at 3% plus $0.30 per transactions must be losing money hand over fist!