Businesses Fighting High Payment-Processing Fees

“There are companies that have made accepting ACH pretty easy. Look into those. [re: When did credit card companies become judge and jury? Small businesses are getting crushed by chargebacks.]”

“Because when you sign up to accept credit cards, you agree to those terms. It's just in the thousands of pages of documents most business owners never read and just sign/accept. [re: Shopify hit me with an $18,565 Mastercard BRAM fine — has anyone successfully challenged one?]”

“Nice setup. The next challenge is matching incoming payments to invoices automatically. We’re working on this from the decision intelligence side with SIGNLD, connecting financial data across systems to give leadership a clearer view of what’s been paid and what’s still outstanding [re: I stopped forgetting to chase late invoices with one Notion formula]”

“It can even be an immediate split if that works better - the buyer pays the platform and its split immediately for the creator. [re: Payment Provider For Complex Payment Flows?]”

“You basically have two different payment products, and that is why a single "MoR that also does marketplace payouts" option is hard to find. A/B/C (money stays with you): a Merchant of Record like Paddle or Lemon Squeezy is fine. They handle tax, invoicing, and chargebacks. Good fit for your annual fee, license fee, and your own app subscriptions. D (you collect, then pay creators ~90%): that is a marketplace flow. Stripe Connect (Express is usually enough) is still the default here. C”

“Plastiq might be worth looking into for some of the bigger business bills. Certain payments can be funded with a card even if the recipient doesn't accept cards directly. Could give you a little more flexibility when repairs and other expenses hit together depending on the fees and payment eligibility [re: Every time I think I'm caught up something else needs fixing]”

“I think if you could offer the business a cheap alternative to the legacy rails (VISA/MC) they would be much more interested. Imagine how many millions some of the bigger merchants are paying in fees, and they suggesting something cheaper. A modern, purely digital solution will be a lot cheaper. Some even give the merchant to choice to receive the payment as crypto or fiat. [re: Crypto card CEO says most users don’t care whether merchants accept crypto directly]”

“what crypto can actually bring to payments, faster settlement, eliminating counterparty risk I feel like there is a reason card systems move as slow as they do, and it is not entirely "b/c fiat." The reality is people want protection from fraud, the ability to charge back on a business that failed to deliver, etc. Crypto "solves" this for the recipient in that they know their payment cannot be revoked - but it does it at a cost of consumer protection. I'm sure we've a”

“Stablecoins are becoming increasingly popular for global payments. They can offer faster transactions, lower fees, and fewer barriers than traditional payment methods, which often require extensive documentation and lengthy onboarding processes. My question is: What if a SaaS or service-based business accepted stablecoins as its only payment method? Instead of dealing with traditional payment processors like Stripe, the business would accept payments directly in stablecoins such as USDT or USDC.”

“I used PayPal for over 25 years. Started using Stripe a few years ago and I enjoy it, it's my go-to now. [re: Who is your payment processor?]”

“Fees are one of those things that feel tiny until you start transacting regularly. If you’re looking for a way to actually spend crypto without adding another payment fee on top, CoinGate Gift Cards currently has 0% payment fees for crypto purchases . [re: Why does the same swap cost me a different amount depending on when I do it?]”

“I’d find it useful, but the bigger hurdle is merchants accepting it. A payment button only helps if there’s somewhere to use it. [re: Should every crypto wallet have a built-in payment feature?]”

“Every time someone brings up wallet payments I comment with the same thing. Look at flexa.co. They have built the most compliant fully digital payment rail that I am aware of, fully integrated into the majos POS systems and with their SDK, it is already possible for any wallet to support Pay By Flexa. Merchants have the option to receive the payment as crypto or fiat, so any not wanting exposure to holding crypto currencies do not need to be worried. Every payment settles almost instantly due to”

“They'd have to integrate with existing payment rails and that's where the whole thing gets messy, fees and chargebacks all over again. The dream was cutting out the middleman but now you're back to begging the middleman for access [re: Should every crypto wallet have a built-in payment feature?]”

Dots need wallets: a dedicated payment method with user-controlled limits

“curious what price range you're targeting? under ~$20/mo the payment processing fees eat a surprisingly large percentage, and at that tier people are also way more likely to churn over a failed charge. the economics shift a lot depending on your price point [re: What payment challenges are still frustrating small SaaS founders?]”

“One thing that interests me about building a small SaaS business is how much work goes into getting users to pay, beyond simply building a good product. Payment fees, checkout friction, international customers, and managing different payment methods can all become headaches for a small team without a larger company's resources. I'm interested in hearing from other Micro SaaS founders: what's been your biggest payments challenge so far? Is it transaction fees, international payments,”

“grouping under one merchant key is the money step. the edge case is merchants that bill under five different names, fuzzy match or manual aliases [re: Spendalyst watches your recurring charges and tells you when a price quietly goes up.]”

“I use Synapse Payments in my brick and mortar retail. I do about $750k/yr in CC payments and my rate averages 1.8-1.9% per month. [re: payment processing for a small e-commerce site is killing me, what are you guys using?]”

“tbh, easy integration and low fees would probably matter the most, if checkout feels like too much work, people will just use whatever payment option they're already comfortable with. [re: Looking for feedback on a crypto payment experience for online businesses]”