Payments Innovation Eliminate processing fees with simple surcharges with Andrew Bart
How much could your business save if you didn't have to pay credit card processing fees? Could you get a 30% net margin increase? It's possible but tough under the current regulations.
To solve this problem, InterPayments, a financial technology firm, developed SurchX, a product that can help businesses recover the maximum allowable amount of their credit card processing fees by passing them onto a consumer as a surcharge.
Andrew Bart, the chief growth officer for InterPayments, joined us on the podcast to talk about how SurchX works and who it can benefit.
What we talked about:
- How SurchX got started
- The difference between SurchX as an ISV and other surcharge solutions in the market
- How acquisitions and mergers are shaking up in the fintech space
- Andrew's predictions for the future of the surcharge industry
- How much money surcharging involves (trillions!)
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