#747 Quiet Crypto, The Demand Question, and Difficult Decisions ft. Jordan Gal
Tropical MBA: Entrepreneurship & Founder Lifestyle
The Power of Payment Processing in E-Commerce
Providing a feature-rich checkout system that made customers spend more money, a small company was processing a significant amount of money annually, challenging Shopify's dominance in e-commerce payments. Even though Shopify primarily functions as a checkout company with a strong app ecosystem, their main revenue source is payment processing. This revenue has consistently increased, comprising 76% in the latest filing. When the small company's success threatened Shopify's business model, communication turned hostile. Despite the intense competition, Shopify has built a highly successful ecosystem, particularly the Shopify App Store, making it a prime platform for starting a bootstrap company.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
