{"id":857,"date":"2012-08-22T13:51:38","date_gmt":"2012-08-22T17:51:38","guid":{"rendered":"https:\/\/www.duck9.com\/?p=857"},"modified":"2012-08-22T13:51:38","modified_gmt":"2012-08-22T17:51:38","slug":"merchant-processing-will-be-zero-or-reverse-interchange-fee","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/merchant-processing-will-be-zero-or-reverse-interchange-fee\/","title":{"rendered":"Merchant Processing Will Be Zero or Reverse Interchange Fee"},"content":{"rendered":"<p>By Larry Chiang<\/p>\n<p>Square and PayPal are innovative.<\/p>\n<p>The end end game will be where merchants get paid to process transactions because 40+% of transactions turn into an immediate receivable for the credit card issuer.<\/p>\n<p>Merchants paying to &#8220;LeadGen&#8221; and generate receivables for card issuers is like mortgage brokers having to pay Wells, Citi, First Pacific or Chase for sourcing a loan. What I mean is that mortgage brokers get paid to generate receivables. Merchants will be pattern replicating mortgage brokers (eventually).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Larry Chiang Square and PayPal are innovative. The end end game will be where merchants get paid to process transactions because 40+% of transactions turn into an immediate receivable for the credit card issuer. Merchants paying to &#8220;LeadGen&#8221; and generate receivables for card issuers is like mortgage brokers having to pay Wells, Citi, First [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-857","post","type-post","status-publish","format-standard","hentry","category-stanford-engineering"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=857"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/857\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}