The Silver Bullet to Reduce Payment Processing Costs (opens in new tab)

(hyperswitch.io)

13 pointsnakulkothari2y ago9 comments

9 comments

bombcar2y ago

I want FedNow™ to come in and destroy all payment processing forever.

It'll never happen, but I can dream.

https://www.frbservices.org/resources/fees/fednow-2023

hehe, Request for Payment (RFP) PAIN.013

nakulkothariOP2y ago

surely FedNow will be a game changer but still it is 1 or 2 years away. And it will support account to account transactions. Need of credit would still be there :)

sharemywin2y ago

If I could just get to a payment volume of 10M ARR I would be all about this.

manojr132y ago

Just hang in there! It won't be very far away

Nars0882y ago

Currently do you use multiple processors though?

sharemywin2y ago

why wouldn't it make sense to do it at a much small number if it saves 20% and increases conversions.

1 more reply

PrajjwalKumar2y ago

This can be really a futuristic thought. I mean Processing cost is a serious pain point for merchants KUDOS!!!

apoorvdixit882y ago

Insightful on overall cost savings and increased revenue

j / k navigate · click thread line to collapse

9 comments

bombcar2y ago

I want FedNow™ to come in and destroy all payment processing forever.

It'll never happen, but I can dream.

https://www.frbservices.org/resources/fees/fednow-2023

hehe, Request for Payment (RFP) PAIN.013

nakulkothariOP2y ago

surely FedNow will be a game changer but still it is 1 or 2 years away. And it will support account to account transactions. Need of credit would still be there :)

sharemywin2y ago

If I could just get to a payment volume of 10M ARR I would be all about this.

manojr132y ago

Just hang in there! It won't be very far away

Nars0882y ago

Currently do you use multiple processors though?

sharemywin2y ago

why wouldn't it make sense to do it at a much small number if it saves 20% and increases conversions.

1 more reply

PrajjwalKumar2y ago

This can be really a futuristic thought. I mean Processing cost is a serious pain point for merchants KUDOS!!!

apoorvdixit882y ago

Insightful on overall cost savings and increased revenue

j / k navigate · click thread line to collapse