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Card payments cost two to three percent because of how the industry is structured, not because moving money has to cost that much.

Drawn from what Bill Gurley said

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What Bill Gurley actually said

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  1. Bill Gurley

    General partner at Benchmark Capital for over two decades

    the whole industry is is kind of stuck in this world where they make a lot of money because it is this way. But there's zero reason why it should cost 2 or 3%. Just zero.

    Where this was said

    Watch from 0:38:22 plays here

    ↗Mental Models That Change How You Think | Bill Gurleyyoutube.com

    video · 1h 01m · spoken · machine transcript

    All 16 korrents from this recordingthis one is 11th

Added to korrents 9 Jun 2026 · How quotes work · Something wrong? Tell us

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