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Admirable goal, but so sad to see this being done and Lester getting screwed over yet again. Who gets a big chunk of every transaction? The payment processor.
by otakucode 14y ago
Admirable goal, but so sad to see this being done and Lester getting screwed over yet again. Who gets a big chunk of every transaction? The payment processor. For providing what? Transferring several numbers from one place to another over the Internet - a service worthless for its ease. And they charge a percentage, regardless of the fact that transferring larger numbers does not increase their costs.
Without payment processors that charge a very low FLAT RATE for processing, we're not improving anything by transitioning to an economy wherein they get to skim off a percentage of every single transaction that ever takes place.