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The Silver Bullet to Reduce Payment Processing Costs
- sharemywin 3y agoIf I could just get to a payment volume of 10M ARR I would be all about this.
- Nars088 3y agoCurrently do you use multiple processors though?
- sharemywin 3y agowhy wouldn't it make sense to do it at a much small number if it saves 20% and increases conversions.
- Nars088 3y agoTrue, it kind of depends on your current payment processor configuration. For example if you find yourself in the need of accepting too many payment methods, you'll definitely benefit from the difference in fees for each method across processors It also depends on your business focus. If you do not have the bandwidth to think beyond your core business, you might just be well off with a single processor
- manojr13 3y agoJust hang in there! It won't be very far away
- PrajjwalKumar 3y agoThis can be really a futuristic thought. I mean Processing cost is a serious pain point for merchants KUDOS!!!
- bombcar 3y agoI want FedNow™ to come in and destroy all payment processing forever. It'll never happen, but I can dream. https://www.frbservices.org/resources/fees/fednow-2023 https://www.frbservices.org/resources/fees/fednow-2023 hehe, Request for Payment (RFP) PAIN.013
- nakulkothari 3y agosurely FedNow will be a game changer but still it is 1 or 2 years away. And it will support account to account transactions. Need of credit would still be there :)
- apoorvdixit88 3y agoInsightful on overall cost savings and increased revenue