Small businesses and banks want to reduce payment processing fees. Build a payment gateway that integrates directly with banks and card networks, avoiding Apple Pay's fees. Charge lower transaction fees than Apple Pay. Start with basic payment processing and integration with major banks. The biggest risk is regulatory hurdles and competition from established players.
Alternate payment gateway
Develop a payment gateway that bypasses Apple Pay fees. Target small businesses and banks.
Why now
With banks pushing back against Apple Pay fees, there's demand for lower-cost alternatives.
- Who for
- Small businesses and banks
- Business model
- Transaction fees
- Effort
- A few months
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