{"id":21169,"date":"2025-01-21T06:17:09","date_gmt":"2025-01-21T12:17:09","guid":{"rendered":"https:\/\/reformingretail.com\/?p=21169"},"modified":"2025-01-21T06:17:11","modified_gmt":"2025-01-21T12:17:11","slug":"condensed-gross-interchange-is-shaft4s-simplechange-scam-by-another-name","status":"publish","type":"post","link":"https:\/\/reformingretail.com\/index.php\/2025\/01\/21\/condensed-gross-interchange-is-shaft4s-simplechange-scam-by-another-name\/","title":{"rendered":"“Condensed Gross” Interchange Is Shaft4’s SimpleChange Scam by Another Name"},"content":{"rendered":"\n

Honestly, if the payments industry put as much time into furthering humanity is they did trying to steal from merchants we’d be a Class I species on the Kardashev scale<\/a> already.<\/p>\n\n\n\n

The amount of creativity by payment bros is astounding. <\/p>\n\n\n\n

Look at the below TSYS ISO<\/a> pricing:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Do you know what Condensed Gross is?<\/p>\n\n\n\n

Neither do we.<\/p>\n\n\n\n

But we suppose the ISO calls it Condensed Gross because the words “I’ll be stealing from you” might prevent the merchant from signing the agreement.<\/p>\n\n\n\n

This reminds us of the Shaft4 “SimpleChange” scam<\/a>, where Shaft4 tried to redefine Interchange with, presumably, enough markup to fly rockets to space forever.<\/p>\n\n\n\n

The entire purpose of quoting Interchange is to reference the legally-defined, non-negotiable part of the payments pie.<\/h4>\n\n\n\n

That’s why ethical<\/em> processors don’t create nonsense definitions but instead refer to Interchange and transparently add their markup.<\/p>\n\n\n\n

True interchange – not<\/em> padded interchange<\/a>, which happens way more often than it should and is deserving of continued litigation for fraud – is auditable, even if it is clunky as hell.<\/p>\n\n\n\n

There’s a never-ending amount of shenanigans deserving exposure in this industry. <\/p>\n\n\n\n

The Payment Bro Olympics<\/a> could be held monthly. <\/p>\n","protected":false},"excerpt":{"rendered":"

Honestly, if the payments industry put as much time into furthering humanity is they did trying to steal from merchants we’d be a Class I species on the Kardashev scale already. The amount of creativity by payment bros is astounding. Look at the below TSYS ISO pricing: Do you know what Condensed Gross is? Neither […]<\/p>\n","protected":false},"author":1,"featured_media":21170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5,4],"tags":[],"class_list":["post-21169","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-solutions","category-merchants","post_format-post-format-image"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/reformingretail.com\/wp-content\/uploads\/2024\/10\/image-1.png?fit=1195%2C603&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p81nA2-5vr","_links":{"self":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/21169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/comments?post=21169"}],"version-history":[{"count":4,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/21169\/revisions"}],"predecessor-version":[{"id":22456,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/posts\/21169\/revisions\/22456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media\/21170"}],"wp:attachment":[{"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/media?parent=21169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/categories?post=21169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reformingretail.com\/index.php\/wp-json\/wp\/v2\/tags?post=21169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}