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Clair: Rewiring How America Gets Paid
The law firm that we used, Gunderson Dettmer, will basically not take payment until you get funding. Silicon Valley is that way; everything is geared toward getting you started, and then you pay.
Jessica Livingston • Founders at Work: Stories of Startups' Early Days
The largest neobank in the U.S. is Chime, which has grown to ~13 million accounts by offering no-fee banking. Unlike many “traditional” banks, Chime makes no money through exploitative fees. (Instead, Chime makes money primarily through interchange—essentially the amount merchants have to pay Visa and Chime when they accept a credit or debit card.)
Rex Woodbury • Squid Game and the Consumer Fintech Revolution
Blackbird Pay offers restaurants a flat 2% fee on payments , versus an industry average of 3-4%.
Payments is how Blackbird will make the majority of its revenue. Ben explained that, in the short-term, they’ll lose money on some transactions (when users choose to pay with credit card and Blackbird eats those fees), and make money on others (when the... See more
Payments is how Blackbird will make the majority of its revenue. Ben explained that, in the short-term, they’ll lose money on some transactions (when users choose to pay with credit card and Blackbird eats those fees), and make money on others (when the... See more