The same "tax" existed before Stripe, and it was higher, in both overall costs and development complexity.
"The price of doing business."
Credit card fees in general are like an extra tax. And credit card companies have so much power they have pushed the cost onto all transactions, even those that use cash (by forcing merchants to eat the cost difference, they push all prices with that merchant up).
This is something people say often, but studies put the cost of accepting cash for retailers at 4.7-15.3%, which is higher than the cost to accept credit cards. If anything, it's the high cost of handling cash built into prices that's increasingly burdening credit card users in stores, not the other way around.
I would take that as an argument that we should have better 'cash' that has lower costs to use.
Tbh these are debit cards. The Durbin Amendment limited the interchange that count be charged on debit transactions (I think the average is something like 0.3% now), so everyone was pushed towards "credit" products instead.
Ha I thought exactly the same thing. 2.9% + $0.30 tax to be exact.
i think that is generally a compliment though, not an accusation