Cape Town, Western Cape, South Africa
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Articles by Nicholas
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Talking Product in London, my key takeaways.
Talking Product in London, my key takeaways.
By Nicholas Thomson
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Why the tension between a PM and other departments is a good litmus test for company health
Why the tension between a PM and other departments is a good litmus test for company health
By Nicholas Thomson
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How well is your Product Machine performing?
How well is your Product Machine performing?
By Nicholas Thomson
Contributions
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What are the best ways to compare transaction fees for e-commerce payment systems?
The first step is to understand your margins for successful payments and make sure your margins are as expected (not a surprise). You shouldn't stop there, though. A payment has a lifecycle and each status can result in additional fees (refunds, chargebacks, partial refunds, multi-FX reversals, etc.). Review your historical data for these areas and add these into the true cost of your payments. Some PSPs also charge for additional software products and charge a fee per transaction too. This should also be added to the true cost of your transaction. The point is not to stop the margin and fee analysis after the successful payment, the payment lives on and additional fees get added depending on your setup.
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What are the best ways to compare transaction fees for e-commerce payment systems?
Payment fees under the hood are complex to understand. The entity in the chain that absorbs this complexity has the most to gain. This is often reflected in the fee structure you agree to. If you are using a blended fee structure then you are not absorbing the complexity, the PSP/Platform is and they are benefiting. If you are using an IC++ fee structure then the PSP/Platform is just adding a markup and you are absorbing the complexity and variability. This requires more understanding and work but will result in the most benefit for your overall margins. The first step is to get the full margin and fee picture and, if you are on bended fees, explore IC++ fees structures to see what you might be gaining.
Activity
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Thank you Capitec for having me today 🙏 Aside from integrating ChatGPT with Midjourney as a workflow enhancer, this session brought up a lengthy…
Thank you Capitec for having me today 🙏 Aside from integrating ChatGPT with Midjourney as a workflow enhancer, this session brought up a lengthy…
Liked by Nicholas Thomson
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🌟 Stripe acquires Lemon Squeezy 🌟 Woohoo! We made a sale! We're excited to announce that Stripe has acquired Lemon Squeezy to help build a…
🌟 Stripe acquires Lemon Squeezy 🌟 Woohoo! We made a sale! We're excited to announce that Stripe has acquired Lemon Squeezy to help build a…
Liked by Nicholas Thomson
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What an absolute privilege to be at the Discovery Limited Atomic Sales Conference these past few days to share my entrepreneurial journey. It’s been…
What an absolute privilege to be at the Discovery Limited Atomic Sales Conference these past few days to share my entrepreneurial journey. It’s been…
Liked by Nicholas Thomson
Experience & Education
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Revenew
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Courses
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Project Management
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Six Sigma Green Belt Certification
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Six Sigma Lean Certification
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1986 SaaS Platforms that have payments as a feature for their merchant users. 59% of them have Stripe integrated 59% of them have PayPal…
1986 SaaS Platforms that have payments as a feature for their merchant users. 59% of them have Stripe integrated 59% of them have PayPal…
Liked by Nicholas Thomson
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Recently, one of the senior partners at Bain & Company asked me "why do you payment experts take such pride in calling yourselves payments…
Recently, one of the senior partners at Bain & Company asked me "why do you payment experts take such pride in calling yourselves payments…
Liked by Nicholas Thomson
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🌐 One of the most exciting things we're building at Revenew is a community for platforms. Time to open up walled gardens and let platforms seize the…
🌐 One of the most exciting things we're building at Revenew is a community for platforms. Time to open up walled gardens and let platforms seize the…
Liked by Nicholas Thomson
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🫂 The Revenew Community is coming very soon… 🚀 Platforms deserve a space to openly discuss their tooling to better run their businesses. Payments…
🫂 The Revenew Community is coming very soon… 🚀 Platforms deserve a space to openly discuss their tooling to better run their businesses. Payments…
Liked by Nicholas Thomson
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Exciting News! We're thrilled to launch our new landing page dedicated to Amazon roles in South Africa! Discover: Our impact and operations in…
Exciting News! We're thrilled to launch our new landing page dedicated to Amazon roles in South Africa! Discover: Our impact and operations in…
Liked by Nicholas Thomson
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I love listening to the Adyen Earnings Calls, recently had a watch of the latest one H2 2023 (will add the link in the comments). It's as transparent…
I love listening to the Adyen Earnings Calls, recently had a watch of the latest one H2 2023 (will add the link in the comments). It's as transparent…
Posted by Nicholas Thomson
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🚀 Exciting Announcement: The Creation of The Lekker Network! 🇿🇦 I am thrilled to announce we have taken on the creation project of The Lekker…
🚀 Exciting Announcement: The Creation of The Lekker Network! 🇿🇦 I am thrilled to announce we have taken on the creation project of The Lekker…
Liked by Nicholas Thomson
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Our first ever podcast episode is out 🎉 Great job João Moreira and Frederik von Mohl - super insightful and great to shine a light on the innovation…
Our first ever podcast episode is out 🎉 Great job João Moreira and Frederik von Mohl - super insightful and great to shine a light on the innovation…
Liked by Nicholas Thomson
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The first episode of Revenew’s Platform scoop podcast is out now 🎉🙌 Go watch it and let me know what you think 🙏 Thank you Frederik von Mohl and…
The first episode of Revenew’s Platform scoop podcast is out now 🎉🙌 Go watch it and let me know what you think 🙏 Thank you Frederik von Mohl and…
Liked by Nicholas Thomson
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