Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
27 Nov 2023 Acquired Visa
“Now the merchants didn't exactly want this thing necessarily, but the way Visa incentivize them to get it is they gave merchants who used it a discount on transaction fees, I think, for a period of time for transactions that happen digitally over the digital network.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 27 Nov 2023
- Publisher
- Acquired
- Episode
- Visa
Transcript context
…I think they had two-thirds of the market at peak. It's pretty crazy, they come up with this sub-$500 device that can sit pretty easily on a merchant countertop that already has a bunch of other stuff on it and not a lot of space, and get it distributed and installed at all these merchants. Now the merchants didn't exactly want this thing necessarily, but the way Visa incentivize them to get it is they gave merchants who used it a discount on transaction fees, I think, for a period of time for transactions that happen digitally over the digital network. I see. If you use this instead of the zip-zap, you'll get cheaper fees.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.