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Does there exist a payment processor that takes zero cut?
by riscy 3y ago
Does there exist a payment processor that takes zero cut?
- rahkiin 3y agoIn the Netherlands there are payment processors with a fixed cut like 15 cents.
- pcammeraat 3y agoMollie?
- rahkiin 3y agoYes for ideal. Not for CC of course because of the duopoly of visa/mastercard
- virgilp 3y agoThat's only cheaper for payments in excess of 100EUR
- ixaxaar 3y agoUPI in India has 0 fees, currently doing about 52% of all digital transactions in the country.
- riscy 3y agoThat’s amazing. Wish we had an equivalent in the US.
- Workaccount2 3y agoI have dreamed of starting a credit card/payment processor company that does this, giving users instant discounts everywhere they use it. Retailers will bend over to move people away from paying % fees. The problem is that it is extremely capital intensive to get it off the ground.
- ryanbrunner 3y agoApple Pay is not a payment processor, it's a mechanism for delivering payment information to a payment processor.