Henrique Dubugras

Interesting.

Industry standards are something between 1.5 and 2.5% on average.

That's correct.

No, no.

The merchant is paying that.

So AWS is receiving, you know, a million minus 35,000.

Um, no.

So AWS take that hit because, you know, we're taking the credit risk and the customer.

So AWS is guaranteed to receive their a million dollars.

And like, we're not guaranteed to receive that money.

Right.

I see the customer, you know, may default on us.

I see.

So for that credit risk, um, you know, we're getting paid this by demersion.

So that's very interesting about our model.

We actually have 0% not payment today.

So we never had a customer default.

So our model, you know, because we're only working with tech companies today, you know, I think we have a pretty good, we have zero default rates because tech companies are inherently, you know, good payers.

I think as we expand outside, you know, we're more successful to losses.

So I think as we expand outside of tech, we'll have, you know, more losses.