Gov.uk has replaced Stripe with Dutch provider Adyen

Post by bijowo1676 » Fri, Jun 05, 2026, 9:20 PM UTC

colechristensen wrote: post #68

bijowo1676 wrote: post #67

Earlier quoted context omitted.

it is illegal for Merchants to charge credit card processing fees by law, they have to absorb these fees and cannot display them to the customer. This naturally protects the artificial oligopoly of visa/mc/discover systems. The moment you allow Merchants to charge cc fees (even 2-3%) and allow customer to choose low processing option (ACH/debit card/cash), the whole scheme falls apart and Visa/MC will slowly go bankr…

>it is illegal for Merchants to charge credit card processing fees by law, This is only true in 4 states.

Post by CodesInChaos » Fri, Jun 05, 2026, 9:22 PM UTC

switz wrote: post #60

colechristensen wrote: post #54

Earlier quoted context omitted.

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.

Can someone explain to me if EU card transactions are capped, why Stripe charges me (US) the full ride on my EU customer's cards? In fact, I get charged even more for EU cards – perhaps as much as 2.5% extra. 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% (i…

Post by tikkabhuna » Fri, Jun 05, 2026, 9:45 PM UTC

MagicMoonlight wrote: post #24

thomashabets2 wrote: post #15

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.

Post by matt-p » Fri, Jun 05, 2026, 9:50 PM UTC

KetoManx64 wrote: post #74

enos_feedler wrote: post #70

Earlier quoted context omitted.

As someone who really enjoys rewards programs, keep those scams alive!

The irony is that every couple you shop with just increases the prices of their items to deal with the fees, so you're just paying more for items to feel good about getting reward program benefits.

Post by fragmede » Fri, Jun 05, 2026, 9:50 PM UTC

colechristensen wrote: post #61

fragmede wrote: post #57

Earlier quoted context omitted.

Except in the US, it does. Depending on the card, it can cost as much as 4.5% (or more!) to run the card. You can argue that it shouldn't, but that's a different statement than it doesn't.

uh, I'm including the card issuers as participants in this multi-party scam