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thijsniks's profile
Thijs Niks
Thijs Niks
Thijs Niks
@thijsniks

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Thijs Niks

@thijsniks

Product Manager for ☎️ at @WhatsApp / ❤️ retweets

San Francisco, CA
thijs.niks.nu
Joined February 2009

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    1. Thijs Niks‏ @thijsniks 12 Mar 2018

      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,

      Xiaodi Zhang @xznyc
      I’m spending a week in Shanghai and I feel like I’ve time traveled to the future! For one, mobile payment has become the preferred payment method. Here are a few reasons why vendors prefer it over cash and credit. pic.twitter.com/67D4OmfMW2
      Show this thread
      3 replies 4 retweets 10 likes
      Show this thread
    2. Thijs Niks‏ @thijsniks 12 Mar 2018

      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,

      Xiaodi Zhang @xznyc
      1. Minimal hardware/setup cost: small vendors like this breakfast stand don’t need to buy a POS system. These QR code placards allow buyers to scan, enter amount and pay. Imagine Venmo with QR code. pic.twitter.com/4rYHuJTaPk
      Show this thread
      1 reply 0 retweets 1 like
      Show this thread
    3. Thijs Niks‏ @thijsniks 12 Mar 2018

      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,

      Xiaodi Zhang @xznyc
      3. Marketer’s dream come true: you are defaulted to follow the brand you just paid on WeChat!! pic.twitter.com/8tLYLnHvxJ
      Show this thread
      2 replies 0 retweets 1 like
      Show this thread
    4. Thijs Niks‏ @thijsniks 12 Mar 2018

      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,

      Xiaodi Zhang @xznyc
      2. Ease of use: more advanced sellers like this juice bar have scanners like the one below. To pay, your QR code is scanned and that’s it! Everything is immediate! No 2-5second delays like with credit card scanners. No signature. No paper receipts and no paper jams! pic.twitter.com/3gmh1xRZE4
      Show this thread
      1 reply 0 retweets 2 likes
      Show this thread
    5. Thijs Niks‏ @thijsniks 12 Mar 2018

      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.

      1 reply 0 retweets 4 likes
      Show this thread
    6. Thijs Niks‏ @thijsniks 12 Mar 2018

      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

      1 reply 0 retweets 2 likes
      Show this thread
    7. Thijs Niks‏ @thijsniks 12 Mar 2018

      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,

      Xiaodi Zhang @xznyc
      2. Ease of use: more advanced sellers like this juice bar have scanners like the one below. To pay, your QR code is scanned and that’s it! Everything is immediate! No 2-5second delays like with credit card scanners. No signature. No paper receipts and no paper jams! pic.twitter.com/3gmh1xRZE4
      Show this thread
      2 replies 0 retweets 1 like
      Show this thread
    8. Xiaodi Zhang‏ @xznyc 12 Mar 2018
      Replying to @thijsniks

      Exactly. Too much infrastructure to change. Also, with Square, you need to enter your email address. Kind of a pain.

      1 reply 0 retweets 1 like
      Thijs Niks‏ @thijsniks 12 Mar 2018
      Replying to @xznyc

      Certainly not as smooth as these wallets, but the saving grace is that you only have to do it once per card

      12:36 PM - 12 Mar 2018
      • 1 Like
      • Xiaodi Zhang
      0 replies 0 retweets 1 like

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