11–20 of 106 posts
"I built a small credit card company, we have around 500k users and 2k merchants." URL of this company? Links to some of the merchants that you've lost or currently have? Clear scan of the document in the photo?
You stated on March 27, 2012 on your blog [1] having 6K merchants. Have you lost that many of merchants ??? Without proof it's hard to believe in your words... Please provide proof and facts and I am sure you will win this battle. Or at least get some compensation for the 4K merchant losses you have lost...
[1] - http://eduardo.intermeta.com.br/square-should-have-its-own-c...
"I built a small credit card company, we have around 500k users and 2k merchants." URL of this company? Links to some of the merchants that you've lost or currently have? Clear scan of the document in the photo?
"I built a small credit card company, we have around 500k users and 2k merchants." URL of this company? Links to some of the merchants that you've lost or currently have? Clear scan of the document in the photo?
Nice! Protect the fragile Visa- don't let this upstart hurt them!
Hi You stated on March 27, 2012 on your blog [1] having 6K merchants. Have you lost that many of merchants ??? Without proof it's hard to believe in your words... Please provide proof and facts and I am sure you will win this battle. Or at least get some compensation for the 4K merchant losses you have lost... [1] - http://eduardo.intermeta.com.br/square-should-have-its-own-c...
That said, I highly doubt that it's a policy of the home office, it's really just the end result of hiring people who get results in the region, in a situation where oversight is difficult to impossible.
While this is preposterous behavior, I am very surprised it's even possible to operate your own payment card network. Visa/MasterCard is the one monopoly I thought was practically unbreakable. Even PayPal, who is supposed to be a Visa competitor, issues Visa cards.
Whether or not this particular story is true, there is a structural problem with debit transactions. Neither merchants nor consumers should be penalized for electronic transactions in which credit is not involved. Perhaps this means that the infrastructure of bank cards, which was predominantly spread by credit card companies, would fall on vendors and banks, but my guess is that they would benefit enough from the in…
Plenty of multinationals play "dirty" in Latin America, I've heard similar stories about several other companies here from people that work for smaller, local competitors. That said, I highly doubt that it's a policy of the home office, it's really just the end result of hiring people who get results in the region, in a situation where oversight is difficult to impossible.