In episode 80 of The Payments Show Podcast, I spoke to Dustin Magaziner who is the Founder of PayBright.
PayBright helps businesses to reduce processing costs by up to 30%, recommends the best payment systems for different types of business, and provides risk management advice to ensure your business runs 100% of the time.
VIDEO and PDF Transcript:
- click here https://thepaymentsshow.substack.com/p/80
Summary of topics discussed:
[02:15] - Founding Story: Poor Industry Practices
[11:15] - PayBright's Main Services
[13:02] - ROI and Lifetime Customer Value
[17:52] - Introductory Rates: Bad for Both Parties
[20:49] - Industry Consolidation: Pros & Cons
[24:46] - Food, Beverage and Quick Service Restaurants
[25:32] - Platform Risk: TOS, High-Risk Accounts, Getting Cancelled
[26:41] - Types of "Risk"
[28:07] - Risk Analysis & Management with PayBright
[38:37] - Convenience vs Ability to Get a Merchant Account
[40:09] - Micro-Merchants: Where Square Succeeded
[43:22] - PayBright: a Trusted Partner, Not The "Best of the Worst in Payments"!
And much more…
- Recorded on 28 Sep 2023
- Host: Satwant Phull
- Guest: Dustin Magaziner, Founder, PayBright
- Get in touch with Satwant: digitalmoneylab.com
- PayBright: gopaybright.com