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My intuition would be that the cost of lost customers who aren't willing to 1) Install a new Chrome extension they've never heard of 2) navigate through their
by afarrell 9y ago
My intuition would be that the cost of lost customers who aren't willing to
1) Install a new Chrome extension they've never heard of
2) navigate through their bank's website
Will be the much higher than payment processing fees.
Also, it sounds like you are storing bank account numbers on your machine.
- l5870uoo9y 9y agoI imagine it would be an alternative payment method, not the only one. It does necessarily work with the customers specific bank. This definitely isn't for anyone. A certain level of tech skills are required. But the customer do save money. Foreinstance on a 100€ transfer Stripe charges 3,2€ (0.30€ + 2.9%). The cost saving is the main attraction here. I will only be storing bank account number (IBAN) which to my knowledge is usually available and doesn't pose a security hazard.
- afarrell 9y ago> But the customer do save money Wait, so the business is the one who needs to integrate this into their system, but it is the customer who saves money? Why is the business going to spend 1000s of euros worth of time in order to save < 5% of their customers 4 euros? Think very hard about the actual degree to which your product would enable a 200-person business to... 1) Increase revenue 2) Cut costs Quantify that in euros.