Yes your correct. I forgot that when MYEC is processing the transactions the cost will be much lower than the competition. I'm not sure how it's going to work with licencees since they would be able to charge what they want for transactions. (unless part of the licencees contractual terms makes them keep processing fees within certain limits). However if there costs are lowered by MYEC technology they should be passing the cost savings on due to competition in the market place... Can't wait to see how all this unfolds...
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