Wednesday, September 17, 2014

How Big is BIG?

How big is BIG?


SOOO busy with Agents and Merchants!  We downsized ourselves from the city to the country to a   little house that's warm in the winter and cool in the summer so that  I'd never have to dust/vacuum ever again; that the dogs can amble through leaving stickers and grass and not get yelled at; that I can stay as grubby as I please all day!  It was just perfect.

Enter Merchant Guard.

Now people who never ventured out this far are burning up the road to sign agreements, scan statements, plot strategies, and share excitement.  We're waiting on one now...

Or else we're called (like today) to travel up the 99 to meet old and dear friends who want to get filled in on the  processing biz.

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Anybody who's ever swiped a card has a grasp of what we're all about:  all they need to know is 'how can I get some of that revenue?!'

Why?  Here are some stats:



Dec 2012 Consumer Payment Systems in the U.S.
Personal consumption expenditures in the U.S. of $10.729 trillion in 2011 included purchases of goods and services, which accounted for 77.8%.

Your merchant doesn't take American Express?  Check this:

Purchase Volume at Merchants in the U.S.
In 2011 American Express overtook MasterCard to gain second place among general purpose credit card brands in the U.S. based on spending at merchants.

Keeps getting BIGger...




           US 42% growth rate


FEDERAL RESERVE SUMMARY 2013:

2010 Merchant Processing Fees = $62.2 Billion


Conclusion:  this is a BIG business.  Even Just a little bit will keep Sparky in dog biscuits!

 

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