> This should be zero if there was unlimited competition or web installation
Is credit card processing, billing, storage, distribution, “free?”
And the 30% figure is inaccurate. Most developers don’t pay that.
How about stripe charging 2.9% +$0.30 per transaction? They are almost double the actual cost of the interchanges.
Google and Apple charge an order of magnitude more for a straightjacket distribution mechanism that is inferior to web search.
> This should be zero if there was unlimited competition or web installation
Is credit card processing, billing, storage, distribution, “free?”
And the 30% figure is inaccurate. Most developers don’t pay that.
How about stripe charging 2.9% +$0.30 per transaction? They are almost double the actual cost of the interchanges.