Internet acquiring: why is it so expensive and what to do?

Question

Payment systems

I connect Internet acquiring for one project. It turned out that for small turnovers there are no commissions below 3% at all.
Two questions:
1) Why does not a startup appear, which will drop the price, for example, to 1% and capture the market. What prevents this?
2) Is there really no commission less than 3%? Or did I look bad?

Answer 1

A startup will not help here. This is a bank commission.

Answer 2

1) And you open your own bank, provide an acquiring service for 1% and find out;)
For a bank is not a startup that you can stir up in your garage and whose expenses are personal time spent.

Answer 3

The funniest thing for tour companies is acceptable. the turnover is usually small, and the payments are large (100,000 is acceptable). and these 3% are essentially all the profit from the sale can be.

Answer 4

reiser, in short, it looks like a collusion of banks. I am sure that in the west the tariffs are not at all like that.

Answer 5

In the future, this% can only grow in connection with the new legislation on electronic payment systems. Already now people are paying somewhere around 7%.

Answer 6

By the way, if you take liqpay.com (Ukrainian Privatbank Acquiring), then when making payments in hryvnias and small volumes (up to $500/day, although it is possible up to $50,000/month because I didn’t go into the limits exactly), it’s quite realistic, albeit with a bunch Sophistication to have a real% in the amount of 0.54%
For dollars / euros with the same limit of up to $ 500 / day, you can have 1.78% commission, there are almost no sophistications.
But for many, this will not work because
1) Limits
2) Only for individuals and you need to have a bank card of a Ukrainian bank with $ 1 in your account to activate your account.

Answer 7

Alfa-Bank - 2.95%. Russian Standard - 2.5%