BlueSnap CEO Ralph Dangelmaier explains to Nathan Latka how BlueSnap's self-service onboarding differs architecturally from Stripe.
Assertion Not checkable as stated
Dangelmaier: BlueSnap achieves higher global transaction approval rates than Stripe
“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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Amazon employs hundreds of people globally just on one-click checkout
“Amazon's got hundreds of people that are focusing on one-click checkouts globally, and that's the checkout part.”
Assertion Partly supported
Dangelmaier: Amazon lacks patents on one-click checkout with major credit cards
“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.”
Insight
Dangelmaier: Local payment acquiring produces higher card authorization rates than cross-border routing
“If you can keep the card transactions as local as you can, and this is a little loan seeker that people don't know about payments acquiring, you're going to have a higher chance of getting your card accepted. So for example, if I'm a shopper in Germany and I s…”
Assertion Not checkable as stated
Dangelmaier: BlueSnap processes billions with triple-digit YoY volume growth
“We're already in the B range, and we'll be processing multiple times that we're growing a triple digit growth right now.”
Assertion Not checkable as stated
Payment processors keep only pennies of a standard $3 fee, says Dangelmaier
“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, …”