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How does Card processing work? With Marshall Greenwald, Founder of Ionia

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Manage episode 470735424 series 3236265
Content provided by Konstantin Dubovitskiy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Konstantin Dubovitskiy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Marshall Greenwald, the Founder of Ionia in this episode digs deep into the souls (backend) of card processing.

Marshall's LinkedIn for those who don't know how to use hyperlinks: https://www.linkedin.com/in/marshall-greenwald-9480351/

Ionia's website: https://www.ioniapay.com/

AFT's Substack: https://aftfinance.substack.com/

AFT's website: https://www.aft.finance/

Here are the questions we've covered during the interview:

- tell us the rough outline of how the current credit/debit card processing look like?
- how many parties are involved in this process? What does inter-party communication look like and who is in charge of facilitating this communication?
- how are the flows for debit and credit card processing different? Why?
- why is it so expensive to accept credit or debit card payments?
- do the higher time limits for chargebacks affect it or is it mostly related to the complexity of communications mentioned in the second question? Or does it have anything to do with the potential NSF issues?
- key solutions that you see for all the problems we've discussed?

  continue reading

344 episodes

Artwork
iconShare
 
Manage episode 470735424 series 3236265
Content provided by Konstantin Dubovitskiy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Konstantin Dubovitskiy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Marshall Greenwald, the Founder of Ionia in this episode digs deep into the souls (backend) of card processing.

Marshall's LinkedIn for those who don't know how to use hyperlinks: https://www.linkedin.com/in/marshall-greenwald-9480351/

Ionia's website: https://www.ioniapay.com/

AFT's Substack: https://aftfinance.substack.com/

AFT's website: https://www.aft.finance/

Here are the questions we've covered during the interview:

- tell us the rough outline of how the current credit/debit card processing look like?
- how many parties are involved in this process? What does inter-party communication look like and who is in charge of facilitating this communication?
- how are the flows for debit and credit card processing different? Why?
- why is it so expensive to accept credit or debit card payments?
- do the higher time limits for chargebacks affect it or is it mostly related to the complexity of communications mentioned in the second question? Or does it have anything to do with the potential NSF issues?
- key solutions that you see for all the problems we've discussed?

  continue reading

344 episodes

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