Comment Re:Cost? (Score 1) 10
Well, I'm sure governments get better rates. But yes, it's likely a nationalism thing. Stripe, being American and Adyen being European. People are dropping American tech when they can switch, and I'm guessing the UK contract was up.
And while they may be expensive, it's probably cheaper since they can handle card payments online without having to do all the PCI security stuff.
It's less of a nationalism thing and more of a national security thing. The US has demonstrated that it's an unreliable partner.
When it comes to government, you have wholesale, then you've got wholesale, then you've got government wholesale. They're probably getting transactions for pennies compared to the extortionate rates that small business pay (this is why companies rarely advertise their rates, at least the full rates rather only the headline rates that are at best, obfuscating the actual costs, small business get raped by the card machines) The UK is generally pretty good at managing their suppliers, when you find out how little the NHS is paying for medication, often less than half the OTC price (the OTC price in the UK, not the inflated prices Americans pay at that). That's because the NHS can go and say "you see those 3 factories, we want to buy all their output".