![]() If this is still noise in your ear, I urge you to Stop (don't sign), Collaborate (with anyone that doesn't work at the SMN talking to you, preferably me), and Listen (to multiple opinions).Īs much as 66% of Venmo's 80+ million users have an unused prepaid balance ( Crone Consulting LLC independent estimate, no public disclosure by PayPal). I am guessing you are earning a much higher rate on that volume than $0.244, but the SMN needs that volume to bury the terrible grocery rate being paid. ![]() Proposed PIN Interchange Rate with the SMN Advantage Rate = $0.244ĥ5% of PIN Volume is Grocery, 20% is Walmartĭoes anyone know how this SMN is proposing this client move from $0.077/tran to $0.244/tran? Simple, just by moving to the "Advantage" option of their network.ĭON'T DO IT! What this move will do is start to shift your legacy Signature Network dual message (MC/Visa) volume to the dual message network version for the SMN. I feel compelled to post today on this topic because I am just hopeful this message reaches 1 person that pauses before they jump on the "funny" math train.Ĭurrent PIN POS Interchange Rate = $0.077 I continue to see what I am referring to as "funny" math from the Single Message Networks (SMS) when pitching renewals or new business to Banks & Credit Unions. As a resident GenX individual, I beg of all of you to heed this sage advice from Vanilla Ice as we end the year.
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