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Category: Payments

Source;- 10K –

Costco’s Revenue from membership fees is a whooping $4.5B- All membership discounts inclusive, it enjoys 10.6% gross margin on commodity goods- membership fees constitute 72% of the company’s profits!!- member renewal rate ~90%

Can Anyone Win BaaS? – Excellent read

Payments 🕸 Web 🕸

As a payment enthusiast, I’ve been researching the ins and outs of building a digital wallet that stands out in a crowded market. One thing that’s become clear is that payments themselves are a commodity – everyone wants to offer them, and they’re an essential part of any business transaction. However, the real value lies in what you can build on top of those payments.