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14 results for “payment processing”
...of international payments and foreign exchanges.
11:58 / 13:00
from transcript11:58 – 13:00
...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
49:32 / 50:34
from transcript49:32 – 50:34
...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
2:29:50 / 2:31:00
from transcript2:29:50 – 2:31:00
...payments and foreign exchanges. When you are offering an alternative, I mean, her eyes lit up. So saying, okay. So you're telling me now they can pay me in this stablecoin instrument. I can receive that in in the wallet that I do all the time. I can
12:34 / 13:49
from transcript12:34 – 13:49
...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
2:29:00 / 2:30:27
from transcript2:29:00 – 2:30:27
brand body. K. Their job is not to deal with merchants. Their job is not to take any risk. Their job is not to push any paperwork. Their job is to keep the system running. They're they're taking 25 basis points Right. Or 15 basis points off a Walmart
45:45 / 46:48
from transcript45:45 – 46:48
...payments online. Which, of course, is our modern infrastructure companies. Stripe and companies like Stripe, you just have a as a merchant, you just have a token, which is the notion of that customer's card where if you pass that token to Stripe, Str
23:16 / 24:22
from transcript23:16 – 24:22
...payments upfront, which is why this business is also called prepayments. This ends up being a win win for all the parties involved. The merchant gets a discounted upfront cash inflow. The consumer gets to split large purchases into multiple interest
50:16 / 51:19
from transcript50:16 – 51:19
...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
20:14 / 21:22
from transcript20:14 – 21:22
...page or a third party processor. JPMorgan has the technology and capabilities for this with powerful APIs. But behind this simplicity, there's an incredible complexity that JPMorgan takes on so you don't have to. You can get sellers up and running qu
30:42 / 31:49
from transcript30:42 – 31:49
...accepting payments, it's a straight two and three quarter percent charge on every credit card transaction, which is different from how it worked with large providers at the time. That would be a sliding scale. It would depend on what type of card peo
26:49 / 28:02
from transcript26:49 – 28:02
...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
31:29 / 32:39
from transcript31:29 – 32:39
...but then once you started processing transactions,
36:45 / 37:48
from transcript36:45 – 37:48
...infrastructure directly into your platform without customers having to leave to complete a transaction. This makes your products more seamless. And as we've seen from Google, the best products with the stickiest user bases are often the simplest for
29:54 / 31:09
from transcript29:54 – 31:09
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