Jack Mallers has boasted that Strike Payments are "free".
At the Bitcoin conference, he tries to make a point that, even though the VISA user does not pay any fees, the merchant pays up to 3% of card network fees. $100 sent is $97 received by the merchant with VISA/MC/Amex
But when he presents the Strike option, he makes it look like $100 sent is $100 received, but this is in fact not true, since Strike charges the merchant 1% in fees (all according to Strike's own support when pressed on the subject).
Fine Strike might be a better solution overall (I don't know?), but the point is that Mallers is very dishonest in his argumentation for Strike, is he not?
Have I missed something vital here?
Submitted October 21, 2022 at 10:13PM by Entropista https://bit.ly/3eUEtJt
No comments :
Post a Comment