Dangelmaier: Amazon lacks patents on one-click checkout with major credit cards
Ralph Dangelmaier · 967 With $1b+ In Transaction Volume, He Helps Merchants Get Power of Amazon Checkout · Mar 18, 2018 · at 1:51
Ralph Dangelmaier, CEO of payment processor BlueSnap, explains how merchants can legally offer one-click checkout experiences competing with Amazon.
0:00 / 0:11exact quote · 11.3s
720p mp4 · rendered on demand · StarZero watermark
“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.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Ralph Dangelmaier
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.”
Stripe requires separate country integrations while BlueSnap uses one, claims Dangelmaier
“Well, Stripe is, is it's similar to what Stripe does because Stripe does that in a single country. What we've done is we've been able to globalize it through many countries through one integration. So with Stripe, you have to go do it say seven times against s…”
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.”
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…”
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.”
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, …”