19 [Questions and Price Predictions]

Daily Ripple/XRP Discussion Thread 04/01/19 [Questions and Price Predictions]
Potential XRapid volume being detected
We Are The Leaders We Need
Interchange/pass thru costs
One of the best Ripple videos I've seen so far. In depth understanding in 10 minutes!

Daily Ripple/XRP Discussion Thread 04/01/19 [Questions and Price Predictions]

Posted: 31 Mar 2019 09:04 PM PDT

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Potential XRapid volume being detected

Posted: 31 Mar 2019 06:46 PM PDT

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We Are The Leaders We Need

Posted: 31 Mar 2019 04:34 AM PDT

https://xrpcommunity.blog/we-are-the-leaders-we-need/

The Token Taxonomy Act is about to be re-introduced! Find out how you can help & keep up to date on the latest XRP news in today's blog:

𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: The Token Taxonomy Act will be reintroduced next week; Find out how you can support it with a few minutes of effort.

𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The next AMA with David Schwartz is scheduled for Monday, April 1st; The 11th episode of the Ripple Drop covers fine-grained corporate strategy, philanthropy, and recent marketing activities; and Federal Bank becomes the latest noteworthy banking customer to join RippleNet.

𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Tristan van de Kamp shows a video of the XRPay application prototype via Twitter; Alex Cobb hosts a phenomenal Q&A Session with Bob Way; and XRP is added to two new exchanges, one in Estonia, and one based in the US.

I hope you enjoy the read!

Thanks & Sincerely,

-Hodor

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Interchange/pass thru costs

Posted: 31 Mar 2019 05:49 PM PDT

I think most individuals on this sub have a misconception about what it actually costs to process payments and why. Visa and MC set interchange rates (minimum cost to do business) every six months. Merchants typically are charged what's called an Interchange+ rate when accepting card payments for their ecommerce store. The interchange being the the pass thru cost set by visa MC and the + being the mark up from the payment processor (WF, B of A, PayPal, stripe etc.). Some processors, PayPal and stripe specifically, allow for a flat rate to be charged to the merchant and eat additional interchange costs, if there are any. Merchants processor statements are notoriously hard to read and auth fees, discount rates etc are often hidden in strange spots but this is mostly on purpose because, well processors think they can do this as a way to make money off the business owner. The point of this post is to let you know that the visa and MC networks are using payments rails built by them and Swift to decide how much to charge processors, and in the end, merchants. No, processors are not the devil, they are shackeled to the outdated payment system that is 40 years old and is currently being updated by Ripple as we speak. Lastly, I see people continually throwing around 3-5% cost figures for card processing. Not sure where this is coming from unless there are massive international charges but in my experience, costs are negotiated based on total payment volume, card data mix and average cost of products. 1.5 - 2.5% is closer to an average processing fee.

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One of the best Ripple videos I've seen so far. In depth understanding in 10 minutes!

Posted: 31 Mar 2019 04:21 PM PDT