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Stripe live dashboard

bfcm.stripe.dev

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Re: Stripe live dashboard

#83
post #75

~$3.2B USD in processed transactions through stripe (so far). ~42M transactions. ~$92.8M for 2.9% fee. ~$12.6M for 30 cent fee. ~$105.4M just for processing transactions on a single day. Above assumes the “standard” pricing [1]. It’s not quite clear how much stripe takes from the 2.9% and 0.30 cut. Likely have to share this with card network and issuing bank. The invisible hand of traditional banking system taking mo…

Uhhh… how exactly were these transactions supposed to even take place without the banking system? I have no interest in bartering or sending ounces of gold around. And don’t say crypto - last time I tried to figure it out, I ended up sending ETH, and more than half of it evaporated in “gas money”. What a joke.

You chose the most expensive "routing", otherwise you would only have spent cents to send any amount.

Re: Stripe live dashboard

#85
post #75

~$3.2B USD in processed transactions through stripe (so far). ~42M transactions. ~$92.8M for 2.9% fee. ~$12.6M for 30 cent fee. ~$105.4M just for processing transactions on a single day. Above assumes the “standard” pricing [1]. It’s not quite clear how much stripe takes from the 2.9% and 0.30 cut. Likely have to share this with card network and issuing bank. The invisible hand of traditional banking system taking mo…

"We reserve the right to charge you for using the system we created and enforce through monopoly government force!"

A lot of the fee goes to the customer's bank that funded the transaction, which is what enables Credit Card rewards programs. If you limit that fee (like the E.U. has), Visa et al. don't go out of business, but then you won't see any similar level rewards programs like we have here in the US (e.g. 2% back on everything, or 3-5% on specific categories, etc).

Re: Stripe live dashboard

#86
post #68
post #13

Total transactions: $41M Blocked fraudulent: $4.8M So that’s nearly 12% of the transactions suspected fraudulent - that’s nuts

12% of the money is suspected fraudulent, not the transactions, right? So could be that fraudulent transactions are a smaller volume of the total transactions, but they simply tend to be higher in terms of dollar amount.

GP got it wrong. These are transaction counts, not $ totals.

Re: Stripe live dashboard

#87
post #75

~$3.2B USD in processed transactions through stripe (so far). ~42M transactions. ~$92.8M for 2.9% fee. ~$12.6M for 30 cent fee. ~$105.4M just for processing transactions on a single day. Above assumes the “standard” pricing [1]. It’s not quite clear how much stripe takes from the 2.9% and 0.30 cut. Likely have to share this with card network and issuing bank. The invisible hand of traditional banking system taking mo…

"We reserve the right to charge you for using the system we created and enforce through monopoly government force!"

There's plenty of things about modern finance you're free to complain about. Things we're largely forced to do with onerous and useless fees attached - Realtors taking 6% of multi-million dollar transactions for doing nearly nothing has been in the news recently.

Pretty sure nobody is forced to buy info products on Black Friday for an 80% discount.

Re: Stripe live dashboard

#88
post #53

Earlier quoted context omitted.

See, that’s a real problem with modern day design: it’s all about making things look cool instead of just no-bullshit functional.

Similar to the concept of “user as the product,” when data is made to look cool the purpose of the data is to attract attention, not be the object of attention. Is any person looking at that “live dashboard” as an actionable data source?

Competitors of stripe would, to set their own targets. Creditors of stripe can use it to get a general idea of whether they made any money to pay their loans with. Investors of stripe for the same purposes but in expectation of dividends or increase of market value of their equity. Academics for research, journalists for reportage… there are plenty of people out there other than design nerds.

Re: Stripe live dashboard

#89

Earlier quoted context omitted.

"We reserve the right to charge you for using the system we created and enforce through monopoly government force!"

A lot of the fee goes to the customer's bank that funded the transaction, which is what enables Credit Card rewards programs. If you limit that fee (like the E.U. has), Visa et al. don't go out of business, but then you won't see any similar level rewards programs like we have here in the US (e.g. 2% back on everything, or 3-5% on specific categories, etc).

Such fees just encourages bad incentives. Such as terrible security because reimbursing people / financing organized crime is cheaper (cheaper for the bank, of course much more expensive for society).

Re: Stripe live dashboard

#90

Earlier quoted context omitted.

"We reserve the right to charge you for using the system we created and enforce through monopoly government force!"

A lot of the fee goes to the customer's bank that funded the transaction, which is what enables Credit Card rewards programs. If you limit that fee (like the E.U. has), Visa et al. don't go out of business, but then you won't see any similar level rewards programs like we have here in the US (e.g. 2% back on everything, or 3-5% on specific categories, etc).

Is it just me who'd prefer they just didn't take my money in the first place...?
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