Dangelmaier: BlueSnap achieves higher global transaction approval rates than Stripe
Ralph Dangelmaier · 967 With $1b+ In Transaction Volume, He Helps Merchants Get Power of Amazon Checkout · Mar 18, 2018 · at 3:13
BlueSnap CEO Ralph Dangelmaier explains to Nathan Latka how BlueSnap's global banking network provides higher authorization rates than Stripe.
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“Where we differ from Stripe is we're much more global, so we actually have many banks around the world so we can actually help transactions get through at a higher rate than Stripe does.”
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“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, …”