Payments are very lucrative for the banks and card schemes that make them possible. By taking a very small piece of every payment, the sheer scale means that card schemes and banks make billions in revenue every year.
We are pleased to announce that Tribe has joined the Microsoft for Startups programme, as part of the company's plans to drive business growth and solution development. The programme is designed for scaling B2B businesses who offer innovative technical solutions. As a member of the programme, Tribe will gain access to Microsoft’s technology and expertise, and benefit from Microsoft’s extensive partner network.
In previous posts, we’ve looked at the four party model and how it works, but we skimmed over a key point. The system makes sure that funds are available, mitigates against fraud, and make their way from the consumer to the merchant. But how does everyone involved get paid? Is it possible for a business currently paying for payments, to start generating revenue from them?