Web Developers

OVERVIEW OF PAYMENT TECHNOLOGY

RETAIL ENVIRONMENT (POS)

Like Restaurant Software or Internal CRM. (Touch Screen Systems)

Answers:

A: Majority of Software Owners in the Restaurant and Retail Software
companies are contracted with a processor for their main source of income.
What Happened to the Software Business?

Customers pay less for Software solutions.
Customer are forced to use “Supported” Payment Gateway
Software got much cheaper, as Software firms started to understand the revenue from payments.

Answers:

Majority of will integrate or suggest Stripe or PayPal? charging non negotiable rates up to 3.00%.

Customer pays less for software solution and is forced to use the only “Supported” Payment Gateway.
Software developer receives recurring revenue from a percentage of the overall credit card sales.

WEB PAYMENTS SOFTWARE/WEB STORES

Currently, Most Web Developers who develop and offer Web Stores, Plugins, and other Web Based Applications see Stripe and PayPal as a tool or plugin. As a developer it doesn’t matter the cost your customer pays to stripe, or PayPal. Your customers trust your suggestions. Stripe or PayPal win the business from your hard work, while you make nothing(0) payments made from your solution.
There are alternative choices other than PayPal and Stripe.
Why not have an agreement and use alternative Plugins or API and get a share of all the volume?

THE SECRET

As a developer it doesn’t matter the cost your customer pays to stripe, or PayPal. They still use it, because you suggested. With this Customer pays too for rate and plugins and you make nothing from the transactions.

Why not have agreement with processor and use processors API and get a share of all the volume?

HOW CAN I BENEFIT FROM THIS?

How much do your current clients process? Consider at least 50 basis Points (.5% or ½%).

HOW CAN I BENEFIT FROM THIS?

Additionally, more sites sold cause of initial cost reduction and customer and developer alignment with integrated features