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Monetize Your Payments
By Greg MyersBusiness
Monetize Your Payments episodes
- Omer Shatzky, Head of Billing & Payments at Wix | Episode 3
This is episode 3 of the Monetize Your Payments podcast and our special guest this week is Omer Shatzky the Head of Billing and Payments at Wix.
Omer was born and raised in Israel and currently lives in Tel Aviv. He started in biotechnology and food engineering with the goal of combining his passion for cooking with science but after 5 years in the Israeli army he decided to pursue software development.
Wix is a world-class platform for do-it-yourself website building that many of your I’m sure have heard of. Wix Payments is a payment service that allows their merchants to manage orders and payments from within the Wix ecosystem without needing third-party payment providers.
Wix has 180,000,000 users in 190 countries and 3,500 employees worldwide. They have a 360-degree view of their merchants and feel confident they know their customers better than anyone and can provide a merchant experience that no one else can. Payments plays a huge role in that experience. Omer provides some great insights into how and why they brought payments in house.
www.wix.com
www.monetizeyourpayments.com
www.podcast609.com30 min - Angie Ammon, VP of Professional Services at Finix | Episode 2
This is episode 2 of the Monetize Your Payments podcast and our special guest this week is Angie Ammon the Vice President of Professional Services at Finix.
Angie is mid-westerner and grew up in Cincinnati Ohio and went to school at Miami of Ohio and spent many years at Vantiv/Worldpay or what is now FIS helping to build out their payment facilitator model.
She joined FINIX about a year ago to lead FINIX professional services. Their goal is to help companies define their payments strategy and then execute on it. Education is the core of what the professional services team at FINIX does.
FINIX is a payments infrastructure company that helps various companies across the ecosystem become payments companies.
In this episode we talk about what differentiates FINIX in the marketplace as well as some of the keys to success and pain points companies run into when becoming a payments company.
www.finixpayments.com
www.monetizeyourpayments.com
www.podcast609.com29 min - Randy Eckels, CEO of Clubessential Holdings | Episode 1
Randy Eckels the CEO of Club Essential Holdings is my guest on this episode. This is episode 1 of the Monetize Your Payments podcast.
Club Essential Holdings includes 4 entities: ClubReady, Vermont Systems, PrestoSports and ClubEssential.
Randy grew up in Altoona Pennsylvania – a small blue collar town – known for it’s past in the railroad industry. Randy attended college at Penn State where he was also a wrestler.
Payments is strategically important to their businesses which includes $4B plus in payments. They see less churn, improved margins and increased revenue and they have really reduced the friction in the customer experience.
Some of the challenges they faced were related to people, process and hardware but according to Randy every software company should explore payments and how each potential business model fits your business.
www.clubessential.com
www.monetizeyourpayments.com
www.podcast609.com32 min - Episode Zero "The Kickoff Episode"
There has been tremendous change over the last 15 years in payments. Most recently one of the biggest trends in payments is the ability for software companies, for example SaaS companies, ISVs, and marketplaces to no longer view payments as an expense but rather to monetize their payments and convert that process into a better experience for their customers.
The Monetize Your Payments podcast was created to provide you unbiased information, really a platform for you to learn and understand the nuances of the payment facilitator space. In this episode I provide an overview of what this podcast series will be all about and why I created this podcast.
www.monetizeyourpayments.com
www.podcast609.com5 min
About Monetize Your Payments
From the publisher's feed
Unbiased information for b2b vertical software companies to learn and understand the nuances of the payment facilitator space. When monetizing payments there are several different facets you have to…
consider, such as boarding, processing, user experience, legal, risk, business model, pricing, settlement, funding, analytics, reporting, and on and on. Do you fully understand what it takes to become a payments company? What are the risks versus the rewards? Can I make the investment in time, money and effort? These are just a few of the many questions you will need to answer. The bottom line is that monetizing your payments can be lucrative, but it isn’t easy and isn’t right for everybody. There are options besides becoming a registered payment facilitator. There are programs and companies that you can partner with and still create a revenue source without the risk. My goal is to provide you both sides of the story so to speak – so you make the best decision for your business. Along the way we’ll hear from software companies that have been successful integrating payments into what they do. You’ll hear their success stories, maybe what tripped them up and how they overcame challenges. This will also be a platform for service providers to talk about their views, opinions, products, services, best practices and more. If it goes on in the payment facilitator or payfac market and has anything to do with monetizing payments, we will be talking about it.