Like how Stripe, Paypal, or Square work, they take a cut in the form of a %, or % + fixed amount from the money that’s being moved.
There are costs involved in moving money, and everyone involved basically takes a cut before the merchant receives the money.
Customer pays £10, and the merchant receives £8. £2 is split among those involved moving the money.
From my research, there’s seems to be no riba in these payment solutions but I just wanted to make sure.
Could a Muslim build a company like Stripe, Square, PayPal, etc, acting as the middle man in processing transactions for merchants?
I thought of a simple analogy, where if my friend told me to go pay someone for him, I’d want to be compensated for my troubles.
Thank you.