How do merchant fees work in practice?
Here is an example: Steve is the owner of a small e-commerce store that sells T-shirts for $10. He has always been frustrated by the high transaction fees that he has had to pay banks and other intermediaries. One day, he found out about Typerium through a financial news article and decided to try it out. It only took him a few minutes to get started and now the transaction money goes directly from the buyer into his account. Steve can now accept mobile payments and also pays significantly less for his transactions.
Still didnt get it)
Steve used to pay 2-6% of the purchase price in fees, plus a fixed rate of between $0.1 and $0.7 for each transaction. Now he pays just 1.5% with Typerium, which averages out at about five times cheaper.
Now it is clear. Thanks!
Typerium exchanges Ethereum-based currencies with his local currency and sends the money to his bank according to predefined settings (they can be set automatically or upon request), making the whole process much simpler.
Very nice) How will Typerium improve transaction times?
One more example: David has had an online business that sells various home appliances to customers from around the world. He knows, that money is just a digit that must be exchanged once the transaction is made. The delay between the sale and the funds showing up in his account frustrates him, since there is no genuine reason for such an inconvenience. If the client is local, the funds show up in his bank account within three days. If the client is from the other side of the world, it may take up to a week. He has to trust the client and the banks because he ships the product before he receives the funds, and the funds could also be held up at the payment gateway for a week. Because of the time it takes for him to receive the money, he often experiences cash flow problems and is not able to pay his suppliers.
