Paul Alex
👤 SpeakerAppearances Over Time
Podcast Appearances
So he makes that meetup.
And this is how the world works, guys.
I tell people like, yeah, I bust my ass and everything, but it also takes a little bit of luck, right?
Right time, right moment, right people, right?
Um, and then I have the meeting with them and they tell me, Hey dude, we think if you put that same process and strategy that you have going on right now with ATMs into merchant services, you will build another multimillion dollar eight figure company within a couple of years.
So then I was like, dude, I've already built something successful.
Why am I going to transition now, basically?
Because it would go against ATMs when you really think about it.
Now we're getting into credit card processing.
I was all about, hey, cash.
And if anything, now I tell people it's like a double dip for them, because they can go ahead and install those two machines and make double the income, depending on the preference of the consumer.
So then we go ahead and I tell them, okay, tell me what would be the path of least resistance for a beginner to learn credit card processing?
And they go ahead and they tell me, they're like, well, check this out.
He's like, 99% of business owners right now, they're paying like an average of 3% across the United States, dude.
They're paying the banks, they're paying Square, they're paying Clover, you know, all these massive trillion dollar companies.
Bro, Stripe, Stripe held like $700,000 from my funds one time.
they help stripe and paypal have held six figures from me i was always scared to use paypal bro because i was like smart yeah yeah i was always scared i heard horror stories where i have a reserve right now yeah yeah it's annoying bro come on you got you got you got it all your own uh processing company bro we got it we'll hook you up but um
So yeah, man, so I go ahead and I asked him, I was just like, dude, like, because, you know, processing, it is a very, I guess, complex business.
The average person is not going to understand it.
People understand ATMs.