Small businesses struggle to compare credit card processing fees and often overpay. Build a tool that aggregates and compares fee structures across processors. Charge merchants a subscription fee for access to insights. Launch with a basic comparison of major processors. Risk: processors may restrict access to fee data.
Merchant fee comparison tool
Develop a tool comparing credit card processing fees. Aim at small businesses.
Why now
Litigation highlights merchant frustration with opaque fees.
- Who for
- Small businesses
- Business model
- Subscription fees
- Effort
- A few weeks
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