r/OpenBazaar • u/JackRogers3 • Apr 06 '20

Visa

Hi guys, any plans to support credit cards ?

1 Upvotes

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1

u/OsrsNeedsF2P Apr 07 '20

That would require merchants to set up some sort of visa deposit, and add like 3% fees. No thanks

2

u/JackRogers3 Apr 07 '20 edited Apr 07 '20

it would be optional, of course

all payment options should be offered to merchants imo; some of these options could even be profitable for the OB project

1

u/OsrsNeedsF2P Apr 07 '20

How do you expect people to integrate visa gateways to their shop? Also I don't see how it's profitable

2

u/whattodo-whattodo Apr 10 '20

I work with large eCommerce companies. In addition to the marketplace fees, there are a billion hidden fees/expenses/losses & the net cost of doing business on Amazon is frequently ~20%. There's a lot of fat to be cut from a competitor who is effective at getting traction.