No.More.CreditCard.Fees


Get OnePoint (This was supposed to be an Add for a company we invested in and then later on, they pivoted. I’m sharing to show how we worked as investors to help the founders)

No.More.Credit Cards.Fees

That is a card and a scissor. It represents our company OnePoint cutting credit card fees and freeing Merchants. Because we are in the Merchants Team

We are in the Merchants Team = 0% fees

Because we believe merchants

…. don’t get enough value for the credit card fees they pay

… want to know more about their customer

… want to create a better experience for their loyal customer

… deserve better

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How do we know that Merchants don’t like Fees? “Data on a research done by Intuit shows that 55 percent of the nation’s 27 million small businesses do not accept credit cards.”

As Forbes mention in the article: “So why do many merchants refuse to accept cards? The common reason is the fees, but with $127 billion being added to the economy between 2008 and 2012 through card usage, most merchants are starting to pay attention to accepting credit cards.”

Also from CreditCards.com they said:

To reduce interchange fees, some business owners only take credit cards with the lowest fees and will not take reward credit cards, which have incentives that the merchants help fund. Other merchants may require a minimum credit card purchase amount to offset some of the cost of the fees — although MasterCard and Visa forbid such minimum charge requirements.

But wait, what does QuickBooks-Intuit think about this:

So, what are you waiting for. Get your money back! Don’t pay more credit card fees. Get your free reader and start selling with no fees!!!!!!

Get reader here or Download our App

[1]http://www.forbes.com/sites/tjmccue/2013/08/16/why-dont-more-small-businesses-accept-credit-cards/

[2]http://www.creditcards.com/credit-card-news/small-business-credit-card-processing-1281.php

[3]http://quickbooks.intuit.com/r/technology-and-security/cost-benefit-analysis-of-accepting-credit-cards-for-your-small-business