Visa and Mastercard are agents for the customer, who benefits greatly from instant and convenient transactions, fraud protection, currency conversion, and credit lines. The merchant pays them for access to these customers, and I have to say that the fees are small for what an amazing service these networks provide. I don't think neither their fees nor their profits are outrageous.
While Pix is a very impressive system, they offer no benefit to the customer over credit/debit cards. Only benefits to the merchants. For inter-personal transactions it is great, and for micro businesses. But as soon as your business grows beyond that, you will want to accept card payments.
If Visa and Mastercard sell transaction data, can you point me to where I can purchase this data? Everybody is saying this is the case, but forgive me for having doubts. Is this what you are talking about? https://usa.visa.com/solutions/visa-commercial-data-solution...
From what I understand, they are selling data in the aggregate, not individual transactions.
While Pix is a very impressive system, they offer no benefit to the customer over credit/debit cards. Only benefits to the merchants. For inter-personal transactions it is great, and for micro businesses. But as soon as your business grows beyond that, you will want to accept card payments.
If Visa and Mastercard sell transaction data, can you point me to where I can purchase this data? Everybody is saying this is the case, but forgive me for having doubts. Is this what you are talking about? https://usa.visa.com/solutions/visa-commercial-data-solution...
From what I understand, they are selling data in the aggregate, not individual transactions.