Quote:
Originally Posted by Shaun 84 Targa
I would like to know how to create a paypal competitor. Could start micro right here on classifieds with 2% fee, grow a little and them offer temporal lower rate packages to build some volume.
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Because you can't get the transaction rate from CC providers that would make it break even much less profitable. You could not make it work at even 3%.
Like gas stations it's a volume business, the margins are pennies so you need to do volume.