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Showing posts from August, 2013

Confused by online payment processing? You're not alone.

In the old days during "polite" conversation, it was considered rude to talk about sex, politics, religion and money. You might think we're done with taboos, we're not (and I'll leave Steven Pinker to make the general argument about that, as he does so well in The Better Angels of Our Nature).

The taboo I'm wrestling with is about money - not how much you make, but about online payment processing, how it works, and what it costs. In this case, I think the taboo exists mainly because of the stakes at hand (i.e. lots of money) and the fact that most of those who are involved don't get much out of explaining how it really works - i.e. the more nuanced communications are overwhelmed by sales-driven messaging, and the nuanced stuff is either proprietary secrets or likely to get slapped down by the sales department.

In other words, if you want to really understand about online payment processing because you want to decide between one system and another, you'…