Every step Quote by Perianne Boring
“The credit/debit card transaction system is antiquated, expensive, and inefficient. There are over nine steps to complete a transaction from the time a customer swipes their card to payment processing, settlement, and when the merchant finally gets paid. Every step along the way costs both the consumer and the vendor in additional fees.”
About This Quote
Card payment flows involve many steps, each adding cost and delay for consumers and merchants alike.
In simple terms: Current card systems are costly and slow.
Key Takeaway
Complexity drives expense.
Themes
finance
efficiency
technology
Mood
analytical
concerned
Type
explanatory
When to use this quote
- retail checkout
- online e‑commerce
Key Concepts
transaction architecture
Practical Applications
- process simplification
Questions to Reflect On
- Which step adds the most cost?
- What alternatives could streamline the flow?
![“That country [Carthage] was rapidly sinking into the state of barbarism from whence it had been raised by the Phoenician colonies and Roman laws; and every step of intestine discord was marked by some deplorable victory of savage man over civilized society.” quote by Edward Gibbon](https://sms4smile.com/quotes/img-quotes/70c/edward-gibbon-710_barbarism_that-country-carthage-was-rapidly-sinkin_393.jpg)
