They randomly withheld £20k from a business I was involved with for no stated reason and no direct means to talk to a human about it. It took months to resolve.
And as for their actual website...
This would be like, ridiculously illegal. It's also not practical; if you can steal customers, the incentive to undercut is very strong.
Price/cost is the last thing you compete on unless you have a wholesale advantage, which nobody in this particular industry does (visa/mastercard set core rates)
Source: I’ve worked with higher ups in numerous commerce operations.
Commerce is actually even worse than many realize. Look up pepsi and walmart as a small example.
* it instantly brings them a ton of consumers * they have capacity to serve those customers
if they don't competitor can just keep higher price (especially if it is just small middleman fee most people might not care that much about)
And even if both of those are true worst possible case is them expanding to handle influx of customers and then competition following in few months, making their investment moot
The price is artificially high -> there's a ton of demand waiting to be unlocked by the "potential energy" gated behind the unnatural price
Capacity is easy to plan around; get too much and you can just raise the price again.
Not if you pay a bit of dividends to jared or dtj
There's a big amount of competitors for card processing. Just because they aren't well known within tech circles doesn't mean they don't exist.