I agree with both you and the fanboys on this point, however. Our current system is better than the old, for sure, but at the end of the day it is true that an insane amount of money is paid to these oligopolous firms as fees for doing a very simple job. Payment processing really is a case of moving database rows around, albeit in a highly available manner, yet they demand huge percentages. My bank goes down about as often as my Gmail, and the latter's free and deals with more information than my bank.
The present is better than the old, but very bad compared to what could be.
I agree with both you and the fanboys on this point, however. Our current system is better than the old, for sure, but at the end of the day it is true that an insane amount of money is paid to these oligopolous firms as fees for doing a very simple job. Payment processing really is a case of moving database rows around, albeit in a highly available manner, yet they demand huge percentages. My bank goes down about as often as my Gmail, and the latter's free and deals with more information than my bank.
The present is better than the old, but very bad compared to what could be.