Eliminate processing fees with simple surcharges with Andrew Bart
How much could your business save if you didn't have to pay credit card processing fees? Could you get a 30% net margin increase? It's possible but tough under the current regulations. To solve this problem, InterPayments, a financial technology firm, developed SurchX, a product that can help businesses recover the maximum allowable amount of their credit card processing fees by passing them onto a consumer as a surcharge. Andrew Bart, the chief growth officer for InterPayments, joined us on the podcast to talk about how SurchX works and who it can benefit. What we talked about: How SurchX got started The difference between SurchX as an ISV and other surcharge solutions in the market How acquisitions and mergers are shaking up in the fintech space Andrew's predictions for the future of the surcharge industry How much money surcharging involves (trillions!) To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here. Hosted on Acast. See acast.com/privacy for more information.