Christophe Bourbier, CEO & Co-founder of Limonetik gives his expert opinion about the future of payment services in The Paypers.
“Let’s look at this trend from behind the payment scene. In the old days, online merchants would connect to a limited number of well-established payment methods, such as Visa, MasterCard, Amex and PayPal. They collected customer payments in their own name through a single bank account. But things started to change as the number of available payment methods exploded. Each new payment method not only required a technical connection but also a growing financial expertise to manage cash inflow on a daily basis, securing receivables and dealing with local taxes or customer protection regulations. The more online merchants were expanding internationally, the more complex it became. Just imagine trying to figure out what went wrong in a payment status in China or Russia, with the time difference and the language barrier.”
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