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I would have thought you need to be low margin to care about this, or exhausted all opportunities for growth and cost savings. And even then it is risky to los

I would have thought you need to be low margin to care about this, or exhausted all opportunities for growth and cost savings. And even then it is risky to lose a customer by refusing or not offering credit card options. If you offer both CC and transfer it’ll be like $9.99/user-month for CC and $9.81 if you pay by transfer so it is not too sexy a saving for the customer. I like what you are doing but I wonder how you get a foothold on it. The “using CC but hate the fees” niche must be small because they are already using bank payments if they need to. For example an employee or freelancer or company that does large yearly payments.

yousseflotfi 3y ago
Thanks for your feedback! The idea isn't to completely abandon cards right away. You could add LeetPay as a 'pay by bank' option to your regular checkout flow. As a business, your end user would then have an additional option. Essentially, everyone I've spoken with has expressed a desire to save on fees (value prop is clear), but they've also grown accustomed to a particular way of accepting payments, mainly through cards, and it works well for them. The feedback I've gathered suggests that businesses using subscription models might be a better fit for LeetPay, as it's much easier to debit customers on a monthly basis. I agree, it's a hard sell to use 'pay by bank' for a single payment transaction. Perhaps focusing on subscriptions could be the way forward for it. In this case the saving is much more clear per customer.