Beshara: Merchant savings from lower payment fees will reach consumers
James Beshara · a16z Podcast | The Future of Money and Monetization · Jan 2, 2019 · at 13:29
James Beshara, founder of Tilt, argues during a panel on fintech and banking that lowering credit card processing fees for retailers ultimately benefits consumers.
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“Well, if it goes to the merchant, then it will go to the consumer. And it might not be a complete hundred percent pass through, but I'd say that the transfer of wealth will make it its way to the consumer. It just always does.”
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