1/ When you are building a multi-sided network, many marketplaces need to distribute $$ to suppliers. In this past this has cost $$/transaction. Not as much as a credit card transaction, but let's say in the 50-100 bps range.
-
Show this thread
-
2/ When you get larger it turns out, you can get "paid" to distribute $$ to suppliers. How? Well you pay them on to a debit/CC account, and when they later use that account, your partner generates interchange fees which can now be shared with you (the marketplace provider).
1 reply 1 retweet 32 likesShow this thread -
3/ Most of the experts in the field know about this reality - one of the few times you can turn a cost item into a profit item. Historically, when a situation like this exists, someone will find a way to bring it down market, such that smaller players receive the same benefit.
2 replies 0 retweets 33 likesShow this thread -
4/ Which leads to the purpose of this twitter-stream, does anyone know of a financial services vendor willing to enter in to this exact type arrangement (get paid to transfer $$) with smaller marketplaces? Let me know, and I will gladly promote who you are!
21 replies 1 retweet 64 likesShow this thread -
Replying to @bgurley
The fine folks on the Stripe Issuing team would like to slide into your companies' inboxes.http://stripe.com/issuing
2 replies 2 retweets 61 likes -
Replying to @collision @bgurley
How is the interchange split between stripe and the company using it? Assuming it’s credit interchange?
1 reply 0 retweets 5 likes
We do a revenue share which we work out with users on a case by case basis. If you're interested in finding out more, feel free to send us a DM with your details and we'll be happy to reach out to discuss in more detail!https://twitter.com/messages/compose?recipient_id=102812444 …
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.