3 ms·
That sounds odd. I can't imagine netflix giving up the stickiness of automatic recurring billing to say <2% of the transaction cost.
by TylerE 3y ago
That sounds odd.
I can't imagine netflix giving up the stickiness of automatic recurring billing to say <2% of the transaction cost.
- di4na 3y agoYou realise you can do this over bank account? At least in the EU, a recurring billing over bank transfer is totally a thing...
- TylerE 3y agoFrom the GP: "Netflix is part of the RFP Work Group. So presumably they are interested in offering consumers the ability to pay for Netflix using FedNow instead of a credit card. Instead of Netflix paying ~$0.50 in credit card processing fees per U.S. subscription they'll probably be able to find a bank willing to charge them < $0.25. It also gives consumers more control as they have to authorize each charge." NB that last sentense. FedNow does NOT support recurring.