Episode 204 - Are We Ready to Pay by Bank? A Conversation with Eric Shoykhet, CEO & Co-Founder of Link Financial Technologies
Payments on Fire™
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Cost of Payment Processing Is Up 30%, 40% of the Last Couple of Years
Cost of payment processing is up somewhere between 30 to 40%. That's a lot. And it's something that they can't, it's not just that it's going up, it's also that they can’t really control it. I was just at an ice cream store yesterday in the West Village in New York City. They had a sign that says, if you pay with cash, we'll charge you less,. If you pay with card we're adding a fee. Now, we don't really work with small one-off merchants. We're really focused on kind of enterprise scale merchants generally with more of a digital payment flow of some kind. But it's just something you
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