The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 17 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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: 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.”
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, …”
BlueSnap is currently experiencing triple-digit growth, says CEO Ralph Dangelmaier
“We're in significant triple digit growth rate right now, which is awesome.”
BlueSnap recently closed an undisclosed funding round, says CEO Ralph Dangelmaier
“We've actually done some recent funding and it's not allowed to be discussed.”
BlueSnap plans to launch an omnichannel payment product next year
“One of the other big product launches we're going to do next year is around what we call omni channel, which is the ability for a merchant to be able to process through one channel, the ability for having an online website and an in-store payment.”
Dangelmaier: BlueSnap charges generally the same rates as Stripe
“We charge generally the same rates that Stripe does in this market.”
Dangelmaier: BlueSnap fees range from under 1% to under 2.9%
“So people will charge the lowest fee you charge or things like debit cards where you're paying a little bit below one percent. And when you're paying card to card, you're paying under 2.9%.”
Dangelmaier: BlueSnap volume discounts kick in at millions in monthly volume
“Usually when you start getting to a couple million dollars a year but really they kick in pretty big when you're starting to do a couple million a month.”
Dangelmaier: BlueSnap raised $170M over five years
“So the additional cash point in the company was a hundred million dollars. And then after that we've announced that we've raised another seventy million dollars. So it takes quite a bit. That's what happened now over about five years.”
Dangelmaier: BlueSnap has about 5,000 active merchants
“Yeah, so we're up to about 5000 merchants that are using our product right now and growing very quickly.”
Dangelmaier: Card-Issuing Banks Collect 1.5% to 2% on Card Transactions
“The biggest piece of it, anywhere from one and a half to two percent of that transaction is going to go to the person that issued the card, the Chase, the Capital One.”
BlueSnap helps merchants offer frictionless checkouts similar to Amazon Prime
“What we do is we provide technology that allows any merchant to be able to offer that type of service to their shoppers. So it's as simple as checking out with Apple Pay or wallets or topping off cards. It looks just like Amazon prime. That's what our technolo…”