The Payments Guy
Welcome to “The Payments Guy” — your ultimate guide to navigating the convoluted world of payments. Have you ever felt confused when reviewing your merchant account statement, understanding the role of payment gateways and processors, or dealing with customer disputes and chargebacks? You’re not alone! Each episode, we’re here to demystify the complex world of payments, bringing you top insights from industry experts and sharing real life payment horror stories that will help you make better informed decisions around accepting payments for your business.
Join in every other Thursday as we tackle the toughest questions and challenges in the payments space. From learning how to minimize the impact of disputes and chargebacks to exploring alternative payment solutions and ancillary services, The Payments Guy offers practical advice and solutions to help you successfully navigate the payments world. Plus, we'll feature interviews with experienced business owners and industry expert who provide valuable tips and tricks for streamlining your payments processes.
Whether you're looking to grow your business, avoid getting ripped off by your merchant services provider, or just want to understand the payments ecosystem better, “The Payments Guy” is your go-to resource.
Say goodbye to funding holds and pushy service providers —tune in and let us show you the money!
The Payments Guy
Episode 6: Stripe, Square, PayPal – The Good, the Bad, and the Better Alternatives
Did you know that Stripe, Square, and PayPal are popular payment solutions, but they might not be the best fit for every business? In this episode, we dive into the pros and cons of these household names in the finance world. Join us as we discuss whether these platforms are the ideal solution for your business, exploring their benefits and potential pitfalls. You'll learn about the nature of payment facilitators, the risks involved, and why it's essential to consider diverse payment solutions.
In this episode, these questions and topics will be covered:
• 1:10 - Overview of Stripe, Square, and PayPal as popular payment facilitators and what makes them well-known in the finance world.
• 2:29 - The advantages of using payment facilitators: quick onboarding and convenience for merchants.
• 2:57 - The risks involved: account freezes or terminations with little to no warning due to flagged risks.
• 3:55 - 7:20 - The risks of payment facilitators: lack of deep underwriting leading to future problems, aggregated transactions creating shared risk, and warning signs your account may be in trouble.
• 7:37 - The importance of diversifying your payment solutions to avoid disruptions and not relying on a single processor.
• 8:35 - How working with a payment consultant can help find tailored, stable solutions for your business.
If you found this episode insightful, please leave a rating or review on your preferred listening platform and share it with other business owners! Let’s empower more merchants to navigate the payments landscape effectively.
Connect with PayDiverse:
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Website: http://www.paydiverse.com
LinkedIn: https://www.linkedin.com/in/franksena
