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May 6, 2010 | Authored by: Vindicia Team Blogs

Chaos in the Payments Biz

Just when you thought it was safe to go outside, yet another new payment method arrives on the scene.

I follow at least a dozen different news sources and being in the payments biz for 30 years I get a lot of whispers sent my way too. I would strongly suggest that you seriously consider the consequences of leaping at every new payment method with the hope it is going to be the “killer app”. There is a point of diminishing returns in terms of upside. Offering more than 3-4 types of payment or multiple brands of the same basic scheme will lead to confusion at check-out. And, your customer service department with thank you!

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Vindicia Team Blogs

We value our subject matter experts and the insights each of them brings to the table. We want to encourage more thought leaders to come together and share their industry knowledge through our blog. Think you have something interesting to contribute as a guest blogger ? Contact us at info@vindicia.com