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It's expensive to build 2-3 integrations for every service you rely on though. And losing 1/3 of your money can still be detrimental to your business.
by yellow_lead 4y ago
It's expensive to build 2-3 integrations for every service you rely on though. And losing 1/3 of your money can still be detrimental to your business.
- BerislavLopac 4y agoNot necessarily: https://primer.io/ https://primer.io/
- mosselman 4y agoIsn't primer then the single point of failure?
- 15155 4y agoI know nothing about the product, but I would be surprised if some federation service had the same financial liabilities (just offering software) as a payments processing company underwriting transactions.
- BerislavLopac 4y agoPrecisely. If it fails, it's possible to replace its integration by manually adding one or more of the payment processors directly; but it never holds your money itself, unlike PayPal or Stripe.
- arein3 4y agoLosing 1/3 of your money is better than losing all of your money.
- JensRantil 4y agoI think https://www.bits.bi https://www.bits.bi also will offer this.
- omgomgomgomg 4y agoYes indeed, every integration costs: - kyc onboarding, getting and processing the docs and forms never goes smooth, can take 2 to 10 business days. - integrating the gateway, 3k setup fee on average, plus dev cost for mapping the servers, doing the front end and the tests - sometimes, due to being labeled a high risk sector industry, only trusted visa traffic, or an allocation thereof And indeed, losing 30 percent would be the end, we operate with a 4 to 12 percent net margin, thanks goodness credit card payments are only 10 percent or so. I am a total crypto sceptic, and the crypto psps are immature, but they are causing the least hassle.