If you are processing card present transactions, you shouldn't use Stripe, which is priced for online transaction fees.
I highly suggest reading up on interchange fees for various cards before taking a swipe at Stripe.
2.9% + $0.30 is absolutely rediculous to pay to transfer money, but blame the card companies. You simply can't get cheaper flat pricing on card transactions. Even online debit interchange fees are rediculous.
So if you do want cheaper, you need to try and find a provider that charges based on the underlying interchange fee. And then once you do so, you need to account for the variable rates in your accounting (can be a pain depending on your situation, especially if you don't know the interchange until the customer enters their card number), and even then, you're probably saving at max 1%, but likely a good bit lower on average.
You could always opt with ACH, but the more reliable way of authorizing ACH these days is using a service like Plaid that has the user log into their Bank on your site. Which is super sketch if it's the first time I'm purchasing on your site. I really wish Dwolla was able to upturn the industry ($0.25 flat fee for transfers was brilliant), but who wanted to sign up for yet another account to purchase stuff...
I highly suggest reading up on interchange fees for various cards before taking a swipe at Stripe.
2.9% + $0.30 is absolutely rediculous to pay to transfer money, but blame the card companies. You simply can't get cheaper flat pricing on card transactions. Even online debit interchange fees are rediculous.
So if you do want cheaper, you need to try and find a provider that charges based on the underlying interchange fee. And then once you do so, you need to account for the variable rates in your accounting (can be a pain depending on your situation, especially if you don't know the interchange until the customer enters their card number), and even then, you're probably saving at max 1%, but likely a good bit lower on average.
You could always opt with ACH, but the more reliable way of authorizing ACH these days is using a service like Plaid that has the user log into their Bank on your site. Which is super sketch if it's the first time I'm purchasing on your site. I really wish Dwolla was able to upturn the industry ($0.25 flat fee for transfers was brilliant), but who wanted to sign up for yet another account to purchase stuff...
Payments suck.