Quote:
Originally Posted by stomachmonkey
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.
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Yeah, I get that. We pay 2.9% for nano business, some of my stores pay 2.1% for micro business. My sense is you could get to 1.5% at 10% of Paypal's current volume.