Climate change and merchant risk
Will flood zones or similar dangerous wildfire areas ever factor into a merchant becoming unboardable? Plausible scenario or something far-fetched?
Will flood zones or similar dangerous wildfire areas ever factor into a merchant becoming unboardable? Plausible scenario or something far-fetched?
Hello there looking for someone to facilitate payments for my little start up going to start doing small volumes. Based in Canada servicing global.
DM or comment and I will provide more info.
Cheers
Where else can you build a 6-figure recurring income with no degree and no boss? Why aren't more people doing this?
There is no such thing as zero fee. Someone is paying. Is it accurate to keep using this terminology? Does it even matter at this point?
There's a processor on every corner, but how many 'Good' ones are there?
If an ISO can't tell the Merchant's story, they will probably have trouble connecting with them. Do any ISOs focus on connecting through understanding the business? Does it help?
Is your acquirer becoming your competitor by buying up the software companies you currently sell into?
When the card is Virtual, what does the Terminal look like? All Tap to Pay, or will we start seeing biometrics integrated into checkouts as well?
You're going to run into a CBD shop or a firearms dealer eventually. If you don't have a path to board them, you're leaving the highest margins on the table. Are there ISOs that are still only low risk?
Is selling convenience to merchants one of the driving factors behind not having a payment strategy anymore? Seems like we assume merchants expect convenience, but maybe offering more solutions/services will help close and maintain customers?
We've all had it happen to us at least once. You thought it was a layup for approval, and it got declined out of the blue. What has been your most unique reason?
A 'Bar' is not a 'Boutique'. Why are we still trying to sell the same 'Box' to both?
Let's have a balanced debate on the pros and cons of MCA and Term Loans for small businesses.
Are you looking at a merchant's Yelp and Instagram before you submit the app? In 2024, a bad reputation is a bigger risk than a low credit score.
In some markets, merchants are going back to cash-only to avoid the headache. Is this a temporary protest or a growing trend?
Why is it that the government can charge a 'convenience fee' on a card but a local mom-and-pop shop gets threatened by the card brands for doing the same?
Local banks used to be the hub of merchant services. Now they just refer everything to Fiserv or Elavon and forget about it. Why have they given up on the relationship?
Why would a merchant pay for a Clover or Verifone when they can just use an app on their iPhone? The hardware manufacturers are panicking—change my mind.
Be honest: when you do a side-by-side comparison, are you including every single PCI fee, annual fee, and batch header, or just the interchange? Let's talk about the ethics of the sales pitch.
Merchants love the idea of no commitment, but it usually means the processor can hike rates with 30 days' notice and has no skin in the game to help when a chargeback hits.