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Yes it's not very intuitive and surprised me a lot when I went into payments. And let me state again, if you're a payments processor and you're processing 500-
by saberience 2mo ago
Yes it's not very intuitive and surprised me a lot when I went into payments.
And let me state again, if you're a payments processor and you're processing 500-1000 payments PER SECOND on average, that makes you a very big company indeed (multi billion dollar company).
You can do the math, work out how many payments that is, what an average value of payment is, and what the TPV would be for a month. You can easily run into huge numbers that way.
And don't forget, the payment processors are taking percentages in most cases, so that 120 payments per second can turn into a huge amount of revenue at the end of the month.