@jameswester @iankar_ @AAPLTree @rdoddala @mdudas I talk to merchants all day long that pay $0 for equipment and pay 10bps above interchange
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Replying to @BrianRoemmele
@BrianRoemmele@iankar_@AAPLTree@rdoddala@mdudas And they have fees, cancellation charges, etc. Cost may be baked in but it ain't free.1 reply 0 retweets 1 like -
Replying to @jameswester
@jameswester@iankar_@AAPLTree@rdoddala@mdudas 90% ISOs abandoned Cancel fees. Competition is fierce and keeps prices ~25
interchange1 reply 0 retweets 1 like -
Replying to @BrianRoemmele
@BrianRoemmele@iankar_@AAPLTree@rdoddala@mdudas on guaranteed volumes.1 reply 0 retweets 0 likes -
Replying to @jameswester
@jameswester@iankar_@AAPLTree@rdoddala@mdudas guaranteed volume requirements for small and medium sized merchants are from the 1990s3 replies 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele@iankar_@AAPLTree@rdoddala@mdudas but just as importantly, they lock merchants into a system that is opaque and costly.1 reply 0 retweets 0 likes -
Replying to @jameswester
@jameswester@iankar_@AAPLTree@rdoddala@mdudas all merchant accounts could be called this.Yet some how millions of merchants do it. Daily3 replies 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele@iankar_@AAPLTree@rdoddala@mdudas You talk to merchants, do any of them really like credit card companies?1 reply 0 retweets 1 like -
Replying to @jameswester
@jameswester@iankar_@AAPLTree@rdoddala@mdudas no there is no love. However ask them what their business would be without credit cards
1 reply 0 retweets 3 likes -
Replying to @BrianRoemmele
@BrianRoemmele@jameswester@AAPLTree@rdoddala@mdudas well that makes sense. How old are cards? Like 40 yrs right?2 replies 0 retweets 1 like
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