So maybe it'll stop taking three requests, 1-2 months, and a certified letter every year to receive your tax refund? HMRCs digital services in general are pretty good, but refunds not so much.
My self assessment refund came through within days of submitting my assessment.
Gov.uk has replaced Stripe with Dutch provider Adyen
51–60 of 253 posts
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#52i guess i expected it to be more significant seeing that its the UK gov
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#53Adyen refuses small clients, under the million :/
im amazed that stripe is able to handle small guys like me
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#54Surprisingly small contract. It's interesting to see that a full government contract for a payment provider is a fraction of a US mid-size company's cloud bill. I am constantly surprised by things like this. Here's another: there are more foreigners in Taiwan (total pop. 25 m) than in China (total pop. 1.4 b).
EU max credit card transaction fees are 0.3%, in the US they can be up to 4%.
It just doesn't cost 4% of a transaction to handle the exchange of funds. Just wealth transfer to finance people and the upper class who take advantage of credit card perks.
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#55I wish Adyen was as good at marketing and hype as Stripe was. Stripe is really good at making themselves look like a way bigger deal than they are.
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#56This site regularly dunks on European tech as being subpar, but when an American company gets ditched for a European one, barely anyone can find nice words to say. You really reveal yourselves in times like this, I've got to admit.
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#57Surprisingly small contract. It's interesting to see that a full government contract for a payment provider is a fraction of a US mid-size company's cloud bill. I am constantly surprised by things like this. Here's another: there are more foreigners in Taiwan (total pop. 25 m) than in China (total pop. 1.4 b).
Payment processing costs are a scam. They're 10x as expensive as they need to be to fund rewards programs and fund the financial system. EU max credit card transaction fees are 0.3%, in the US they can be up to 4%. It just doesn't cost 4% of a transaction to handle the exchange of funds. Just wealth transfer to finance people and the upper class who take advantage of credit card perks.
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#58Adyen refuses small clients, under the million :/
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#59Adyen refuses small clients, under the million :/
Re: Gov.uk has replaced Stripe with Dutch provider Adyen
#60Surprisingly small contract. It's interesting to see that a full government contract for a payment provider is a fraction of a US mid-size company's cloud bill. I am constantly surprised by things like this. Here's another: there are more foreigners in Taiwan (total pop. 25 m) than in China (total pop. 1.4 b).
Payment processing costs are a scam. They're 10x as expensive as they need to be to fund rewards programs and fund the financial system. EU max credit card transaction fees are 0.3%, in the US they can be up to 4%. It just doesn't cost 4% of a transaction to handle the exchange of funds. Just wealth transfer to finance people and the upper class who take advantage of credit card perks.
I just checked and I get charged ~8% in fees on a 10 euro transaction on Stripe. Of course some of that is the low transaction amount (flat 0.30), but it's brutal for a small business like myself.
2.9% + 1.5% (intl card) + 1% (currency conversion) + 0.30
Payment amount (€1.00 EUR = $1.15253 USD)
€10.00 EUR -> $11.53 USD
Fees
Total: - $0.93 USD
Stripe currency conversion fee
- $0.12 USD
Stripe processing fees
- $0.81 USD
Net amount
$10.60 USD
I guess the NA interchange is charging the card, rather than the EU? Could using a MOR reduce the fee structure?