You Should Not Pay to Get Paid — Bobby Poole and Clay Weger on Killing Credit Card Fees

About this episode

Bobby Poole and Clay Weger discuss how to eliminate unnecessary credit card processing fees and automate business operations.

You should not pay to get paid. That is the premise behind PaymXnts and once you hear it, you cannot unhear it. Bobby Poole and Clay Weger are serial entrepreneurs who between them have owned paintball parks, international jellyball distribution, and now a payment processing company built by business owners for business owners. When they found out they were paying $30,000 a year in credit card processing fees at one business alone, they went looking for answers. What they found changed how they run every business they own. In this episode we get into why Stripe, Square and PayPal hold your money hostage, how the dual price model puts the processing fee back where it belongs, and what passive money actually means versus passive income for a business owner who wants their time back. Topics covered: - Why business owners pay $30,000 or more a year in fees they do not have to pay - The dual price model — cash vs credit — and why zero customers have complained in 3 years - How PaymXnts charges $49 a month flat and makes the model work - Passive money vs passive income — the distinction that changes how you build a business - How Clay turned Austin Paintball into a fully automated…

People in this episode

Host: Vince Perri

Guests: Bobby Poole, Clay Weger

Topics covered

• credit card processing fees
• dual price model
• passive income
• automated business
• entrepreneurship
• business automation

Keywords

• credit card fees
• business owners
• payment processing
• passive money
• entrepreneur
• automation
• business model

Mentioned in this episode

Organizations: PaymXnts, Stripe, Square, PayPal

Places: Austin

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