Yes! I am in Europe too! And yes, they’re really un nice right now! I receive a large percentage in USD. I use a USD Bank Account with Wise (so I don’t pay to convert unless I need or want to, plus they’re cheaper and transparent, Stripe won’t even give us a tool to see their exchange rates and fees) but now they will take an extra 1% of everything we cash out in non Euros.
On top of that they raised percentages and won’t refund chargeback fees even if we win a case!
The problem with those payment processors (and credit card companies, and banks) is they don’t need us as we need them and there’s no real competition (not sure why we don’t have more startups with lower fees, transparency and other benefits, maybe they’re too small and we’re unaware of them).
They just change their policies and fees and we’re left without a choice.
I am not sure about the price structure of the new system, but I know that it would be much cheaper to accept bank payments and other payment methods anyway. There’s also something on Stripe that allows us to take insurance against chargebacks (they charge a bit extra per transaction) but to have that done we can’t use the current method. I can only assume Stripe Link, as their “new product”, will be eligible for that?
Of course, we do whatever we can and I do not expect s2Member to add new payment methods unless they become necessary and we’re forced to stop using the current ones for any reason. Yet, if it’s not hard to implement, it would be a very welcome addition.