“Let processors compete for every single transaction in real time and only charge merchants when they actually save money.”
VP
Viktor Popovich
Futureproof Founder Podcast ·
Viktor Popovich · Futureproof Founder Podcast · 437 | Payment Processing Fees: How Merchants Can Make Processors Compete | Viktor Popovics
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set up a system where processors bid against each other on a per-transaction basis and charge each processor 10 cents per transaction while merchants pay nothing
10 cents
“Let processors compete for every single transaction in real time and only charge merchants when they actually save money.”
“We have a group chat. We learn from each other. We take bits of skill sets from each other's business and we adapt it.”
“And what we've done on a Sunday morning, we're just figuring this thing out, still playing with it, but it is sitting down and it doesn't take much time, 10, 15 minutes, and just checking in with each other consciously. We just ask each other a set of questions. What are the wins that we just had this week?...”
“We would text each other and talk to each other. We developed this shorthand where if you said, I am in Mordor, that meant I'm in Washington.”
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