Thea Dudley, CEO of Pocket Protectors, and Ryan Ayers, CEO and co-founder of Suppli, join RC to discuss the latest changes to credit card interchange fees. The association fees for Visa business-to-business transactions just went up and there’s speculation that others will, too. That could impact roofing contractors and others that rely on credit card payments to keep companies moving.
“It's hard enough to get people to pay, and then you throw on another level of complexity to the credit card, and you don’t know what to do,” Dudley said.
The key is understanding the data in demand and how to acquire it, according to Ayers.
“You've got to enter in all of this data now that you didn't have to before. I think it warrants a conversation around, ‘does it make sense for us to look for a more integrated solution that's going to connect to our accounting system, and actually pull that data for us.’”
Listen to the full conversation now.