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Ep70: Abdullah Tharoo: The Zero Fee Revolution in Payment Processing

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Content provided by Eunicia Peret. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Eunicia Peret or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this episode of Your Business Your Next Level, I sit down with Abdullah Tharoo, founder of PayKoncept Merchant Services, a company revolutionizing payment processing and nonprofit fundraising with innovative solutions like the Zero Fee Freedom Program. Abdullah shares his inspiring journey from immigrating to the U.S. at 12 years old to building multiple successful businesses. We discuss the power of resilience, how early struggles shaped his entrepreneurial mindset, and why solving real problems is the key to lasting success. Abdullah also dives into the evolution of payment technology, the game-changing impact of Zero Fee processing, and how nonprofits can expand their donor base beyond geographic limitations. This episode is packed with insights on entrepreneurship, fintech, and financial freedom.

Key Takeaways:

Resilience Fuels Entrepreneurship: Facing adversity as an immigrant in a new country taught Abdullah the value of self-reliance and financial independence, leading him to start his first business at 16.

The Zero Fee Freedom Program is a Game Changer: Businesses no longer need to absorb high credit card processing fees—the liability shifts to consumers, saving companies thousands per year.

Technology Levels the Playing Field for Nonprofits: New fintech solutions allow nonprofits to attract donors from anywhere in the country, breaking free from reliance on local fundraising events.

The Importance of Saying No in Business: Abdullah shares how turning down misaligned clients and opportunities actually accelerates growth and success.

Collaboration is the Secret to Sustainable Growth: Business success is about building meaningful partnerships and solving problems, not just making money.

Timeline Summary:

[00:00] - Introduction to Abdullah Tharoo and his journey from Pakistan to the U.S.

[02:00] - The challenges of being an immigrant and developing a resilient mindset.

[05:00] - How starting a jewelry business at 16 sparked Abdullah’s entrepreneurial journey.

[08:00] - Transitioning from retail to fintech and payment processing.

[12:00] - How the Zero Fee Freedom Program helps businesses save thousands.

[15:00] - The power of fintech in nonprofit fundraising—expanding donor reach.

[20:00] - Why saying no to the wrong clients leads to faster business growth.

[25:00] - Abdullah’s four business principles for long-term success.

[30:00] - Final thoughts on innovation, financial freedom, and making an impact.

Links & Resources:

https://www.linkedin.com/in/abdullahtharoo/

  continue reading

82 episodes

Artwork
iconShare
 
Manage episode 473335679 series 3569999
Content provided by Eunicia Peret. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Eunicia Peret or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this episode of Your Business Your Next Level, I sit down with Abdullah Tharoo, founder of PayKoncept Merchant Services, a company revolutionizing payment processing and nonprofit fundraising with innovative solutions like the Zero Fee Freedom Program. Abdullah shares his inspiring journey from immigrating to the U.S. at 12 years old to building multiple successful businesses. We discuss the power of resilience, how early struggles shaped his entrepreneurial mindset, and why solving real problems is the key to lasting success. Abdullah also dives into the evolution of payment technology, the game-changing impact of Zero Fee processing, and how nonprofits can expand their donor base beyond geographic limitations. This episode is packed with insights on entrepreneurship, fintech, and financial freedom.

Key Takeaways:

Resilience Fuels Entrepreneurship: Facing adversity as an immigrant in a new country taught Abdullah the value of self-reliance and financial independence, leading him to start his first business at 16.

The Zero Fee Freedom Program is a Game Changer: Businesses no longer need to absorb high credit card processing fees—the liability shifts to consumers, saving companies thousands per year.

Technology Levels the Playing Field for Nonprofits: New fintech solutions allow nonprofits to attract donors from anywhere in the country, breaking free from reliance on local fundraising events.

The Importance of Saying No in Business: Abdullah shares how turning down misaligned clients and opportunities actually accelerates growth and success.

Collaboration is the Secret to Sustainable Growth: Business success is about building meaningful partnerships and solving problems, not just making money.

Timeline Summary:

[00:00] - Introduction to Abdullah Tharoo and his journey from Pakistan to the U.S.

[02:00] - The challenges of being an immigrant and developing a resilient mindset.

[05:00] - How starting a jewelry business at 16 sparked Abdullah’s entrepreneurial journey.

[08:00] - Transitioning from retail to fintech and payment processing.

[12:00] - How the Zero Fee Freedom Program helps businesses save thousands.

[15:00] - The power of fintech in nonprofit fundraising—expanding donor reach.

[20:00] - Why saying no to the wrong clients leads to faster business growth.

[25:00] - Abdullah’s four business principles for long-term success.

[30:00] - Final thoughts on innovation, financial freedom, and making an impact.

Links & Resources:

https://www.linkedin.com/in/abdullahtharoo/

  continue reading

82 episodes

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