The best explanation I have seen in a while about what sellers like about the Chinese walletshttps://twitter.com/xznyc/status/972828306868441088 …
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Thijs Niks Retweeted Xiaodi Zhang
The best explanation I have seen in a while about what sellers like about the Chinese walletshttps://twitter.com/xznyc/status/972828306868441088 …
Thijs Niks added,
Thijs Niks Retweeted Xiaodi Zhang
I just came back from a research trip in South East Asia and card schemes keep underestimating the perceived unfairness of fixed monthly fees for card terminals. Wallet acceptance is zero fixed costhttps://twitter.com/xznyc/status/972829230068363266?s=21 …
Thijs Niks added,
Thijs Niks Retweeted Xiaodi Zhang
Even better than subscribing buyers to marketing channels is cash back promos: Get 10% off this purchase as a promo code for your next purchase with ushttps://twitter.com/xznyc/status/972831500684201984?s=21 …
Thijs Niks added,
Thijs Niks Retweeted Xiaodi Zhang
Instant transaction confirmations speed up the checkout process and everyone loves themhttps://twitter.com/xznyc/status/972830639933321216?s=21 …
Thijs Niks added,
Faster settlement is also much loved by sellers who often struggle with cashflow. Card transactions can take days to show up in the seller’s bank account. Wallet transactions are often deposited within 24 hours.
Receiving analytics is another favorite of sellers. How many of my buyers are frequent customers? Which other shops do they buy at? And sending these customers promo codes through the chat/payment app is popular
Thijs Niks Retweeted Xiaodi Zhang
Not having to print receipts is another godsend. Square has done this nicely for their terminals too, but this should honestly be solved at the card scheme level and that will never happenhttps://twitter.com/xznyc/status/972830639933321216 …
Thijs Niks added,
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