Visa

“We make earnings available for them as soon as they've completed their work, and we do it at a very, very low price point. A flat fee that is typically competitive with even though the charges that Visa or MasterCard would charge for processing a payment over …”

“And a couple years ago, they actually, if you may recall, they launched a service with Apple around Apple Pay, and so they actually were using us for business insights to look at activations per second, per minute, per hour, per day, that's generating revenue,…”

“Firstly, we issue a debit card for OnCoin and, as you know, a 79 cryptocurrency we already support in our system, so our customer can get all the plastic card or the vital card, but with the Visa logo and spend for online or withdraw money.”

“Well, how we're different is the Prime and the one click, they have patents on that, but they don't have the patent on how to one click checkout with things like Visa, MasterCard, or using American Express.”

“Actually, we make kind of a tiny fraction of that. The vast majority goes to your credit card company that issues your card as kind of sanctioned by Visa and MasterCard.”

“Essentially in our business, because we're paying out to Visa and MasterCard and Amex on our payments revenue, It's important to not look at the gross revenue, but instead to the net, right? And to like take lifetime times by your net revenue to get a true vie…”

“So if there's a hundred dollars that goes to the system, in a simple example the merchant might pay three dollars. That three dollars, you know, 99% of it is going to the issuing banks, to the banks, into the card schemes. We get a tiny, tiny percent of that, …”

“We are enabling Visa installments. It's a product of Visa that is enabling the consumer to split his payments over multiple installments from three months to 18 months using his existing code.”

“But in general, our model is similar. We are doing the same thing that visa did in the payment space in the BNPL point of self financing space.”

“We have an amazing investors visa invested in charge after synchrony bank invested in charge of the city bank, BBVA.”

“No, it's certainly not three to five percent, right? ... It's much less, right? If you look on the payment space, right? When a merchant is typically paying in the U S somewhere between 1.6 to A critical transaction, right? This cost would include the issuing …”

“We struck a deal with visa throughout the pandemic, and it quickly accelerated to a lot of their customers, mainly in healthcare.”

“So if we use Bank of America, KeyBank, Wells Fargo, all those banks today are our customers and leverage this platform. The car networks, Visa, and Discover leverage our platform.”