In other words, higher volume merchants get a rate price break, and that doesn't require any additional work to happen – if you're on one of those plans already you're already getting that rate.
This will boost profits by billions of dollars for high-volume merchants like Wal-Mart and McDonald's.
He adds that this also allows merchants to process payments faster, especially for high-volume merchants.
The new framework was designed to be allow the company to develop prototypes and create applications more quickly, while providing increased scalability for its high-volume merchants.
The initial wave of innovating in payment solutions (like Square) has addressed low-volume merchants and small businesses, leaving enterprise players and high-volume merchants (like professional sports venues) out to dry.
"Duane Reade is a high-volume merchant," said Anthony Cuti, chief executive of Duane Reade.
The high-volume merchant is built on a different model.
And as the low-price, high-volume mass merchants like Wal-Mart or Costco become major vendors of big-screen HDTVs, all retailers are forced to keep their prices — and their profit margins — as low as possible.
Perhaps more significant will be newly energized Web stores from such high-volume mass merchants as Wal-Mart, the nation's No. 1 toy seller, and Kmart, No. 3 after Toys R UsUs.
Mr. Grass said BuySafe hoped to attract many of the 150,000 or so high-volume eBay merchants, who generate most of the site's sales and display a majority of the more than 10 million items up for auction in a given day.
American Express axp recently stopped accepting online porn merchants because of the high volume of customer disputes.
