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How do BNPL lenders convince merchants to pay an interchange fee? They don't have the customer base and negotiating power of credit card networks.
by blueblisters 5y ago
How do BNPL lenders convince merchants to pay an interchange fee? They don't have the customer base and negotiating power of credit card networks.
- nemothekid 5y agoThey only have to be cheaper than Visa and have a dead simple integration process. After the fixed cost of integration, the retail pays nothing to have the option - and if a prospective customer does use the service, then they might make a little bit more than if that customer had used a Chase Sapphire Reserve