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The faster the lines are moving - the more transactions per day can a store process, thus more fees for processor. I don't see a logical reason for processors t
by usaphp 9y ago
The faster the lines are moving - the more transactions per day can a store process, thus more fees for processor. I don't see a logical reason for processors to artificially slow down payment process just for a tiny fee difference, no? plus they theoretically get less chargebacks and fraud activity with chips.
- zanny 9y agoExcept the cost of slow transactions is not eaten by the payment processor. The store just has to add more checkout lanes or clerks. The payment processor also never gets blamed - if the process is slow, the customer just blames the store.
- usaphp 9y ago> the cost of slow transactions is not eaten by payment processor. > if the process is slow the customer just blames the store. If the customer does not like long lines and slow transactions in a store - they will leave, and the processor will see less revenue from fewer transactions because of that
- zhte415 9y agoThere are only 2 card payment networks of worth and most cutomers have cards from both. They don't care.