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>But recurring income without telling any side of the business may even be illegal. I am still very confused by your meaning. If you could expand it further, t
by jermaustin1 10y ago
>But recurring income without telling any side of the business may even be illegal.
I am still very confused by your meaning. If you could expand it further, that would help me possibly better get my point across. I think there may be a miscommunication.
- erikb 10y agoLook, you have a payment processor A and implement it in website of business B. You take a share of all the trades, have I understood that correctly? And you didn't tell either company A or B about it? I think that is probably stealing money. Don't wonder if one side figures that out that they sue you.
- jermaustin1 10y agoOh, I understand now. If your small business goes to Stripe/Square/etc you will be quoted a 3% + 30cents transaction fee. By pushing volume through them, they lower your transaction fee. As far down as 2% + 0cents. This would allow you to add value while profiting from the spread. And to your stealing money comment, all business is stealing money. You take a service that is less than you sell it for. If you were doing it any other way, you wouldn't be in business for long.