You can complete the transaction securely without sharing any financial account details. If you hand over your card and the plumber you don't know whats gonna happen to it. You lose control. Credit card reward points are a crock of $hit....YOu aren't getting 2% rewards. Have you ever tried to use the points? I'd prefer a discount upfront.
I guess it's safe to say you don't own your own business. It's the goal to cut expensive everywhere you can. It's not about giving a plumber a day off its about adding 1-2% in gross profit by cutting costs. While I agree with the customer side, not having to deal with hassle of lost check or did she/he actually pay as the collector is a big relief. The idea is there but as we all should know, good shells often get stolen by bigger sharks, so let's see how this plays out
Square is a flat 2.75%, rerun the math with that number.
I agree the patent is a great idea, but it's not nearly as lucrative as everyone makes it out to be. It's the perfect complement to an existing transfer service, but will have a hard time on its own. I say Africa, if it is what everyone is saying it is, could make some money. Or just sell the patent to an American company with competent leadership.
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