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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
What Bill Gurley actually said
- 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
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