So, to put this all in context, a small ISO will do at least a billion in payment processing a month, and there are more than a few hundred small ISOs. If Stripe really isn't hitting anywhere near $1 billion a month, I'm not sure how they will maintain their ISO relationship with the platform they use (First Data, Elavon, Chase Paymentech, Tsys, etc) or their relationship with their underwriting bank.
You need a large volume to break even in this industry, and even more to turn a profit, hence why I'm shocked they haven't gone under due to lack of volume if they are really only doing $8 billion annually.
