What you're referring to that Stripe and Paypal offer is what's called a "Blended Rate" if you get it from a bank. Mine is blended, but I could also opt for what's called "Interchange Plus", where instead I'm charged the Interchange rate (what the issuing bank charged the acquiring bank to process the transaction) plus a margin.
The market that's more curious to me is the "card not present" market...payment processors for websites. Stripe seems to be the darling of the Slashdot crowd, but their pricing is horrible. They offer 2.9% + $0.30 per transaction, and won't offer to discount it until you're doing $1M+ per year. Contrast with Paypal's Payment Pro which drops down first to 2.5%+$0.30 once you hit $3k/month, then down to 2.2%+$0.30 once you hit $10k/month. Stripe has a few features that PPP doesn't, but they would need to be real important to you to pay that much more.
But wait, there's more! An actual bank will probably charge you 2.0%+$0.30 for virtually zero volume (I'm on 2.2%+$0.50 NZD so about $0.40 USD but we're known for being more expensive). Plus, an actual bank will offer you the benefit of the 3DS liability shift (which PayPal/Stripe will not).
The number of merchants (I'm in NZ) who have an ancient reader that doesn't have a card slot on the pinpad or who claim "oh that doesn't work, you have to give it to me so I can do it on this side" is staggering. Even more staggering is how many merchants persist in swiping the card before checking for a chip and inserting it (some banks actually advise that this is a fraud indicator, and you should not shop at these places).
Really? When I go to the supermarket, I just tap my Amex against the pinpad, the transaction is approved in around 200ms. The operator says "would you like a receipt?" and if I say no, I walk out. If the amount is more than $80, I have to enter a PIN, but otherwise it's pretty much instant.
And unfortunately that national standard has already been chosen in the form of Auckland Transport's buggy, half-assed implementation brought to you by Thales. It's over-budget, late, plagued by "intermittent technical difficulties" and you'll be lucky if customer service doesn't tell you to just throw your card away and buy a new one if you get hit by one of the system's biggest flaws (like, I don't know, a refusal to top up your account after you've paid - the amount just sits as "pending" and never applies to your balance).
No it isn't, the implementation is awarded to the largest bidder, who estimated their costs perfectly fine, padded them by 150%, and lied about the timelines.
Snapper isn't realtime either. The data is stored by the (offline) onboard computer, the new value written to the card, and the transactions online processed overnight when the data is shipped off to the Data Warehouse in Seoul, South Korea (at which point if you're in Auckland, the data is also propagated back to Auckland Transport for analysis). Most buses do not have active online connections.
Try actually reading the summary. Legally, they can only report the number in increments of 1000. So 0-1000 means "somewhere between 0 and 1000 but we can't legally tell you how many".
They know down to the decimal, guaranteed (they bill for the requests at the very least).
We have GST of 15%, but for a non-commercial (i.e. between two individuals) transaction you wouldn't have to pay it. The government would have collected $0 for that yacht. We also have no Capital Gains Tax, so the seller couldn't get dinged on the profit after depreciation on it either.
Wherein searching the database includes correlating, as a function of a fuzzy logic algorithm, the received search argument and user profile data to particular information in the database, and providing the particular information as the search results.
I sure hope my phone book doesn't have user profile data on me. That's some scary paper.
There was a series of movies called "Fortress" that covered it too. Except that was just a ball that sat in the intestine... and exploded if you annoyed anyone. Like the building's idiotic AI that couldn't apparently keep track of who had already been killed.
As events over the last decade should show you, patenting != inventing. Half those patents are obvious - worse, software - and the other half are already announced products by someone else (oh, Apple's patenting flexible glass? What a cool invention! LG might not be too happy about Apple patenting it now that they've demoed it though).
Actually, in military terms I'm pretty sure China could overpower the US. Their military is much larger, has virtually unlimited* funds at their disposal, but the only reason they aren't recognised as the superpower that they are is that they're actually rather passive (don't really leave their soil) and won't release info on their military complex.
Slashdot Mirror
I could believe that. And that's not even counting defending the lawsuit from Snapper because they didn't win the tender.
Well, that was Talent2 - an Aussie company. Can we claim that?
How come New Zealand's analogue switch off didn't make news? Boo!
I think New Zealand mastered that first (for fellow Auckland readers, the word HOP may come to mind).
You invalidate your point when you cite RoughlyDrafted as a source. That's about as "neutral" as WinSuperSite.
You should probably stop posting on the interactive application known as Slashdot then.
What you're referring to that Stripe and Paypal offer is what's called a "Blended Rate" if you get it from a bank. Mine is blended, but I could also opt for what's called "Interchange Plus", where instead I'm charged the Interchange rate (what the issuing bank charged the acquiring bank to process the transaction) plus a margin.
The market that's more curious to me is the "card not present" market...payment processors for websites. Stripe seems to be the darling of the Slashdot crowd, but their pricing is horrible. They offer 2.9% + $0.30 per transaction, and won't offer to discount it until you're doing $1M+ per year. Contrast with Paypal's Payment Pro which drops down first to 2.5%+$0.30 once you hit $3k/month, then down to 2.2%+$0.30 once you hit $10k/month. Stripe has a few features that PPP doesn't, but they would need to be real important to you to pay that much more.
But wait, there's more! An actual bank will probably charge you 2.0%+$0.30 for virtually zero volume (I'm on 2.2%+$0.50 NZD so about $0.40 USD but we're known for being more expensive). Plus, an actual bank will offer you the benefit of the 3DS liability shift (which PayPal/Stripe will not).
So why does anyone use these services again?
The number of merchants (I'm in NZ) who have an ancient reader that doesn't have a card slot on the pinpad or who claim "oh that doesn't work, you have to give it to me so I can do it on this side" is staggering. Even more staggering is how many merchants persist in swiping the card before checking for a chip and inserting it (some banks actually advise that this is a fraud indicator, and you should not shop at these places).
Really? When I go to the supermarket, I just tap my Amex against the pinpad, the transaction is approved in around 200ms. The operator says "would you like a receipt?" and if I say no, I walk out. If the amount is more than $80, I have to enter a PIN, but otherwise it's pretty much instant.
And unfortunately that national standard has already been chosen in the form of Auckland Transport's buggy, half-assed implementation brought to you by Thales. It's over-budget, late, plagued by "intermittent technical difficulties" and you'll be lucky if customer service doesn't tell you to just throw your card away and buy a new one if you get hit by one of the system's biggest flaws (like, I don't know, a refusal to top up your account after you've paid - the amount just sits as "pending" and never applies to your balance).
No it isn't, the implementation is awarded to the largest bidder, who estimated their costs perfectly fine, padded them by 150%, and lied about the timelines.
Snapper isn't realtime either. The data is stored by the (offline) onboard computer, the new value written to the card, and the transactions online processed overnight when the data is shipped off to the Data Warehouse in Seoul, South Korea (at which point if you're in Auckland, the data is also propagated back to Auckland Transport for analysis). Most buses do not have active online connections.
You must work for some really shit firms, cause it's a well know fact that what you're saying is bullshit.
That's not the real kdawson, who would have a little /. icon beside his name.
However, the impersonator is about as illiterate as the real kdawson, because dyslexic.
Queensland isn't Canberra. Frankly I'm surprised they didn't miss and hit New Zealand with accuracy like that.
Try actually reading the summary. Legally, they can only report the number in increments of 1000. So 0-1000 means "somewhere between 0 and 1000 but we can't legally tell you how many".
They know down to the decimal, guaranteed (they bill for the requests at the very least).
We have GST of 15%, but for a non-commercial (i.e. between two individuals) transaction you wouldn't have to pay it. The government would have collected $0 for that yacht. We also have no Capital Gains Tax, so the seller couldn't get dinged on the profit after depreciation on it either.
Is it really?
Wherein searching the database includes correlating, as a function of a fuzzy logic algorithm, the received search argument and user profile data to particular information in the database, and providing the particular information as the search results.
I sure hope my phone book doesn't have user profile data on me. That's some scary paper.
There was a series of movies called "Fortress" that covered it too. Except that was just a ball that sat in the intestine... and exploded if you annoyed anyone. Like the building's idiotic AI that couldn't apparently keep track of who had already been killed.
No, you dumbshit. They are in prison to REHABILITATE them, not to separate "them" from "us".
Not to mention your proposal would violate state, federal, and international laws.
There is no overcharge, so no one does. The taxes are exactly spot on.
And true. I'm in New Zealand, and Apple Maps insists that Bondi Beach, NSW is in my city.
As events over the last decade should show you, patenting != inventing. Half those patents are obvious - worse, software - and the other half are already announced products by someone else (oh, Apple's patenting flexible glass? What a cool invention! LG might not be too happy about Apple patenting it now that they've demoed it though).
Actually, in military terms I'm pretty sure China could overpower the US. Their military is much larger, has virtually unlimited* funds at their disposal, but the only reason they aren't recognised as the superpower that they are is that they're actually rather passive (don't really leave their soil) and won't release info on their military complex.
*for certain values of unlimited