Bitcoin Forum
April 25, 2024, 01:54:11 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Visa merchant fee chages.  (Read 261 times)
Jet Cash (OP)
Legendary
*
Offline Offline

Activity: 2702
Merit: 2449


https://JetCash.com


View Profile WWW
February 09, 2020, 07:07:22 PM
Merited by Cnut237 (1)
 #1

It seems that Visa is going to make a few changes to their fee structures. They seem to be small, but they may be significant. They will be reducing charges for bricks and mortar businesses, and this seems to be the result of competition in this area. However, they are increasing prices for on-line retailers, and perhaps they feel this is because they have a monopoly in this area. I think this could be bullish for Bitcoin and some other alts, as retailers will no doubt start to experiment with alternatives to Visa.
1714053251
Hero Member
*
Offline Offline

Posts: 1714053251

View Profile Personal Message (Offline)

Ignore
1714053251
Reply with quote  #2

1714053251
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714053251
Hero Member
*
Offline Offline

Posts: 1714053251

View Profile Personal Message (Offline)

Ignore
1714053251
Reply with quote  #2

1714053251
Report to moderator
1714053251
Hero Member
*
Offline Offline

Posts: 1714053251

View Profile Personal Message (Offline)

Ignore
1714053251
Reply with quote  #2

1714053251
Report to moderator
odolvlobo
Legendary
*
Offline Offline

Activity: 4298
Merit: 3208



View Profile
February 10, 2020, 02:20:19 AM
 #2

I agree that increasing the fees for online CC payments is bullish for Bitcoin, but it is not clear how much of an effect it will have.
Cnut237
Legendary
*
Offline Offline

Activity: 1904
Merit: 1277



View Profile
February 13, 2020, 09:09:31 AM
Merited by IlVeroNico (1)
 #3

retailers will no doubt start to experiment with alternatives to Visa.

I wasn't aware of the increase, but after a quick look I'm not sure it is enough of an increase to have that sort of effect.

The increase seems to be from 1.9% to 1.99% ... but by comparison PayPal already charges 2.9% plus a small (30c / 30p) fixed amount.

Perhaps they've just seen the amount that PayPal is taking, and that PayPal is still going strong, and so they are testing the waters with their own small increase.
20kevin20
Legendary
*
Offline Offline

Activity: 1134
Merit: 1597


View Profile
February 16, 2020, 02:01:32 PM
 #4

They're the leaders in online payment methods, I believe. Increasing the fees by 0.09% looks insignificant ($900 in fees every $1M), so most businesses will not really feel it in their pockets.

There might be a very little and insignificant change negatively (regarding number of businesses partnering with them) in their merchant numbers but the income they're going to make will compensate with it.

Greedy move from them. I don't think it'd do to much to BTC though.
CristianOff
Member
**
Offline Offline

Activity: 421
Merit: 97


View Profile
February 25, 2020, 10:40:18 PM
 #5

The number of online retailers has increased in the past 2 years, mainly because of idiots thinking they can make money
from a side business doing dropshipping & 4 weeks delivery 😂

Seems normal they increased the fee a little bit

(For those who don't know, dropshipping = selling items from a supplier, usually based in China, directly to the customer so you never have to
manage or see the actual products)
UserU
Hero Member
*****
Offline Offline

Activity: 2016
Merit: 531


FREE passive income eBook @ tinyurl.com/PIA10


View Profile WWW
February 29, 2020, 07:40:36 AM
 #6

The number of online retailers has increased in the past 2 years, mainly because of idiots thinking they can make money
from a side business doing dropshipping & 4 weeks delivery 😂

So basically drop shipping is akin to being an agent for a property developer? You help the business to promote and earn a cut from there? Feels like affiliate marketing.
paxmao
Legendary
*
Online Online

Activity: 2184
Merit: 1575


Do not die for Putin


View Profile
March 02, 2020, 06:39:27 PM
 #7


So basically drop shipping is akin to being an agent for a property developer? You help the business to promote and earn a cut from there? Feels like affiliate marketing.

Yep, drop-shipping is about buying and selling traffic mostly. Get visitors and sales paying cheap adds so that the cost of bringing the client is lower than you commission.

There are obvious caveats on this business model (e.g. most likely you will burn any reputation, as producers do not have any attachment or deal with you on the quality of the products, etc...)

UserU
Hero Member
*****
Offline Offline

Activity: 2016
Merit: 531


FREE passive income eBook @ tinyurl.com/PIA10


View Profile WWW
March 14, 2020, 06:13:45 AM
 #8

Yep, drop-shipping is about buying and selling traffic mostly. Get visitors and sales paying cheap adds so that the cost of bringing the client is lower than you commission.

There are obvious caveats on this business model (e.g. most likely you will burn any reputation, as producers do not have any attachment or deal with you on the quality of the products, etc...)



Don't mind the late reply, just noticed yours recently.

I agree, you still have to cough up your own expenses for exposure. I always see bloggers or those finance gurus advocating affiliate marketing/ drop shipping like there's no tomorrow but there's so many things to factor in, such as what things you're trying to market, where to promote and why people should buy from you instead of the competitor or the suppliers themselves.

And for the quality, that's the issue. Unless there's a solid relationship, you can't test out and write some honest review. Kinda blows.
btcltcdigger
Hero Member
*****
Offline Offline

Activity: 1988
Merit: 756


To boldly go where no rabbit has gone before...


View Profile
March 24, 2020, 07:15:45 AM
 #9

It seems that Visa is going to make a few changes to their fee structures. They seem to be small, but they may be significant. They will be reducing charges for bricks and mortar businesses, and this seems to be the result of competition in this area. However, they are increasing prices for on-line retailers, and perhaps they feel this is because they have a monopoly in this area. I think this could be bullish for Bitcoin and some other alts, as retailers will no doubt start to experiment with alternatives to Visa.


Fight them with Revolut, or Mastercard.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!