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...processing fees, and those go to the acquiring bank, the bank that acquired the merchant. This is the merchant's bank and the technology provider of whatever they're using to process their payments. So three fees, interchange, network fees, payment p
...fees, payment processing fees. Here's what those could look like. And, again, I say could because they are different in every scenario. There's a very long PDF on Visa's website that is available with every different concoction you could imagine. So
...the payment processing for on marketplace transactions is incorporated within the seller final value fee. So Neli doesn't explicitly earn any fintech revenue on that piece. Total payment volume for 2024 was a 197,000,000,000, and that excludes peer t
...full payment thirty days after the sale, if it's a three month installment, the merchant will receive a third of the sale amount every thirty days. And if it's four installments, then a quarter. And for a twelve month installment, the merchant isn't
...today that payment processing was measured in seconds and in minutes, not in milliseconds like today. Oh, yeah. I won't even do any holiday shopping in person anymore. Like, it's just not worth the hassle. I do everything online. Well, that's where I
...of international payments and foreign exchanges.
...payments. And as payments went digital in the twenty first century, everything seemed like it got even more convenient. But we also deal with the fees and delays that come with that convenience. Now, we may be at the beginning of another shift that's
...payment, basically, these stores or banks would just extend you the credit, and then they didn't have to move the money around right away. They could sort of do it later, which sort of explains before the debit rails were laid, which I'm sure you're
about 10% more in terms of the basket size, so the amount of things that people are purchasing. And then some of the companies are reporting up to 80% more in terms of the actual transaction. So that's pretty significant for retailers, and I think it
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