Lessons - Why PayPal and Shopify Will Sabotage Your Business | David Carlin, Co-Founder of Residual Payments

➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory In this episode of "Success Story: Lessons," we're joined by David Carlin, an expert in the digital checkout and merchant service realms. During our conversation, we explore many integral topics:The Payment Landscape Misconception: David challenges the notion that giants like Stripe and PayPal completely rule online checkouts.Understanding Aggregators: Highlighting the allure of Stripe and PayPal's convenience, David also unpacks the risks these platforms pose due to their instant approval and potential for abrupt account closures.Shopify’s Hidden Costs: David dives deep into the often overlooked fact that Shopify charges merchants an extra fee when they deviate from using Shopify's recommended payment methods.The Individual Approach to Business: David underscores the varying needs of businesses and elaborates on why payment solutions should be customized to meet a company's specific objectives and growth trajectories.Direct Ties with Payment Processors: Detailing the benefits of forging direct ties with payment processors, David advocates for bypassing tech intermediaries to obtain more competitive rates.Kickstarting Online Stores: For those enthusiastic about venturing into e-commerce, David furnishes valuable advice on picking the ideal platform and highlights potential snares associated with popular choices. ➡️ Show Links https://successstorypodcast.comYouTube: https://youtu.be/jAcbWL5Vuic?si=eqzXznf0zDsRjH1YPodcast: https://podcasts.apple.com/us/podcast/success-story-with-scott-d-clary/id1484783544?i=1000569597729 ➡️ Watch the Podcast On Youtubehttps://www.youtube.com/c/scottdclary