Matt Ford
๐ค SpeakerAppearances Over Time
Podcast Appearances
Um, like, okay.
You know, but what are they doing instead?
Right now they're sending ACH and wires and that's like anywhere from free or like 20 bucks a month to like $20 a payment.
So we wouldn't have the immediate opportunity to take like 5% of a payment to an artist.
Like people would be like, all right, no, I'm just gonna, I'm going to, I'm going to save a little efficiency and go into my bank.
It's not worth $5,000.
This is what I'm getting at.
So for us, it's like, the question is, is like how, you know, there's a direct revenue stream, even if it's not 10% or 5%.
And the strategic mode of being the payment facilitator and getting people like in love with that solution of like not having to work with their bank account every single time and having to be more organized and streamlined.
That's what's exciting.
But yeah, but there is a transactional opportunity as well.
The other question is, how much is that 800 million, you know, chopped up?
If you think of a POS system at a bar, that's like a bunch of $5 to $10 payments.
So for them to take 5%, it's like, whatever, let's call it a quarter to a dollar.
So it's really easy for payments companies to take a bigger cut of a smaller transaction than a smaller cut of a bigger transaction, depending on the market.
So that's something that we're working through right now, but still...
There's there's there's enough payments for it to be a very exciting opportunity for us.
We are at 20.
Sorry, I'm like, trying to think 27.
Yeah, 27.