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Then again these days there are only a few big POS providers that merchants use, you'd have to get the POS providers to accept your payment method and that woul
by youniverse 2y ago
Then again these days there are only a few big POS providers that merchants use, you'd have to get the POS providers to accept your payment method and that would be a huge win.
- joshstrange 2y agoUhh, not so sure about “only a few big POS providers”. I mean there are a few bigger ones but the long tail is looong (go search for “best pos” or similar and see the list of names). Not to mention every larger company is using something in-house or white labeled from a company you’ve probably not heard of. So sure, there are a few bigger providers but a lot of POS systems (not all) are in it for the CC fees (they want a cut) which means they work closely with MC/Visa/etc, how do you think the existing CC companies will respond to a POS working to help dethrone them? And what’s in it for the POS company?