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A comment on Payment gateways for startups: a guide for founders. Parent comment

Re:Payment gateways for startups: a guide for founders by orthecreedence on Wednesday May 01, 2019 @09:29PM (#19803667)
It's not free. They take the enormous margin they get off the sellers and kick you back a few peanuts. Essentially, the sellers pay a tax, and you get a small distribution of the tax, and as a result all products are more expensive.

Points are useless.

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Re:Payment gateways for startups: a guide for founders by icedchai on Wednesday May 01, 2019 @09:37PM (#19803728)
The products are going to be more expensive for everyone. Would you rather have a card that offers 2% rewards points or one that doesn't offer any? You are obviously better getting the points.
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Re:Payment gateways for startups: a guide for founders by orthecreedence on Wednesday May 01, 2019 @09:42PM (#19803748)
I understand how it works. I'm taking a bigger picture view and saying that if nobody had points, everything would be cheaper than if you had gotten the points in the first place.

Obviously in the current climate, a card that offers points is going to be more competitive than a card that doesn't, but that doesn't mean that points aren't a mind-bogglingly stupid proposition to begin with.

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Re:Payment gateways for startups: a guide for founders by masonic on Thursday May 02, 2019 @05:25PM (#19813129)
Yet those sellers don't offer their own discount or cashback for not using credit cards.
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Re:Payment gateways for startups: a guide for founders by philipov on Thursday May 02, 2019 @05:29PM (#19813158)
Yes they do. Gas stations have a Cash Price for not using a credit card. The ones who don't are just pocketing the difference because so many people don't think about what they're paying for.
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