Merchants complain about paying 2% interchange fees, yet, according to a new report, they are willing to pay 7-9% for an enhanced pament transaction that helps them sell better.
Singapore, Republic of (Press Release) October 20, 2007 --
Merchants complain about paying 2% for payment processing, most of which is interchange, yet, according to a new report by Deloitte, they are willing to pay 7-9% to companies like Google that envelop the e-commerce payment transaction within the online shopping context and actually deliver sales.
For the full blog post see:
http://aneace.blogspot.com/2007/10/merchants-will-pay-7-9-for-full-payment.html
For the full blog post see:
http://aneace.blogspot.com/2007/10/merchants-will-pay-7-9-for-full-payment.html
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