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Why is there an additional merchant fee from Stripe/PayPal?

1 minute read

Plasso uses merchant gateways to process credit and debit cards. Currently we integrate with Stripe and Paypal, both widely accepted payment gateway platforms. Stripe or Paypal will handle all credit card processing and takes the place of a “credit card merchant.” All merchants charge a fee to process a credit card transaction, Stripe and PayPal included. Stripe’s and PayPal’s fees in the US are 2.9% + 30 cents per transaction.

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