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Coming from a world that deals with credit card processors, their deal with Starbucks could have been a sweetheart deal and causing some of their losses. If the
by bardworx 11y ago
Coming from a world that deals with credit card processors, their deal with Starbucks could have been a sweetheart deal and causing some of their losses. If they're loosing money on the deal, they could potentially reduce their loss.
Credit card gateways, like square, take a fraction of the transaction during processing. If their deal did not include the pass through rates of Amex, Visa, MC and those companies raised rates, that would be coming out of Squares pocket.