Links

The Problem

The Costly Burden of Card Payments

  • Account Freezing
  • High Risk Businesses
  • Chargebacks
    • 75% of eCommerce businesses saw an increase in fraud attempts in 2021
    • Global chargeback costs grew by nearly a third between 2018 and 2021
    • CNP (card not present) fraud losses will soar to $28.1 billion in 2026; 40% increase from 2023

Fees Breakdown

  • Stripe - 2.9% + 30¢
  • Square - 2.6-3.5% + 10-30¢
  • PayPal - Checkout - 3.49% + 49¢
    • QR Code Transactions - 2.29% + 9¢
In 2022, US merchants spent $160.70B to process $10.589T in card payments according to the Nilson Report. link