{ "media_type": "text", "post_content": "Going for interviews at payment companies (PayPal fiserv square) for strategy manager roles. Any tips on how to prep for their interviews? What type of cases/questions should prep?", "post_id": "5fa6c4575dbe8d0020ce9f9e", "reply_count": 4, "vote_count": 10, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities" }

Going for interviews at payment companies (PayPal fiserv square) for strategy manager roles. Any tips on how to prep for their interviews? What type of cases/questions should prep?

like
Posting as :
works at
You are currently posting as works at

If you’re not familiar with the payments industry, read up on how a payment gets processed (credit card vs debit card vs ACH), the major parties involved (merchant, acquirer/payment service provider, processor, card network, card issuer, consumer), and how each party makes money from a transaction—know terms like interchange rate, take rate, card not present. Then understand where the company you’re interviewing at fits within the landscape. For example, PayPal and Square are both two sided networks that have merchant and consumer facing products, whereas fiserv is focused on merchants. Payments is a very technical industry so it’s a bit overwhelming at first, but I believe both Square and PayPal have a ton of information on their websites explaining these things

likehelpful

This X10. It's quite a technical industry so less room to BS. 1. Understand the landscape (merchant acquirer vs payment processor etc) 2. Deep dive into trends specific to that particular vertical There's just so much to learn about it, it will be unrealistic to get a clear view of everything and not all of it will be relevant for that particular company. Couple of things that I thought was interesting and may be worth looking at is the distribution / partnership strategy, and level of consolidation. Interesting space to be in!

likehelpful

Couple of other things that are probably important to know from a growth strategy perspective: 1. Payments companies make most of their money from taking a cut of a transaction amount. For example, if you swipe your Chase branded Visa card, chase and visa both take a small cut, the processor takes a small cut, and so on. So payment companies are always focused on growing their total payment volume by entering new markets, signing new merchants (who wouldn’t want Amazon?), growing their consumer base—essentially maximizing volume that goes through their company 2. The industry can look very different country-to-country, mainly due to regulation and consumer payment method preferences. For example, credit cards are super popular in the US because high interchange fees allow issuers to fund expensive rewards programs which we all love (at the expense of the merchant—who receives less money for each credit card transaction), but they’re not as popular in Europe because governments have curbed interchange fees—choosing to benefit merchants over issuers

likehelpful

What did the interview questions / case studies end up being like?

like

Related Posts

Looking for Slalom interview advice. Any tips are greatly appreciated for my interview next week

like

I have an awesome opportunity to apply for a promotion that would give me additional responsibilities but a faster track to leadership. I am also 10 weeks pregnant with my first confirmation appt next week. I want to go for it but feel bad about applying when I would go on mat leave in about 6-7 months, pending everything is on track with my first appt. Wanting advice on whether to apply or not and whether to disclose the pregnancy?

like

When interviewing for a strategy role without much prior experience, would you be honest and just say that? I feel like the interviewers will see right through my fabrications

like

About to have my final interview with an agency I really love. The pay increase will be 6K which I verbally agreed to, but am wondering if I can ask for 4K more (10K total) after the final interview?

Anyone given the Googlyness and Leadership interview? What kind of questions are asked?

like

looking to jump ship. going to be rusty with interviews. what sorts of questions do they ask experienced hires for consulting?

like

Had an interview on Friday. Interviewer said that they would get back to me sometime this week with a decision. Haven’t heard back yet. Should I email them or wait?

like

In case interviews, is it normal for the interviewer to provide hints as you go?

like

Going to India for first time stamping, I was advised to avoid Mumbai and Chennai due to increased scrutiny so I ve picked another location. What questions can I expect when you interview in a (1/2)

Hey Mates I'm working in pretty good fintech firm. I'm in my 30s with 2 kids and they are calling everyone to office by January I want remote job and would never want to live in any city again. Wondering which route to opt? 1. Start investing in open source and build a profile, find freelance jobs on upwork/Fiverr Or 2. Start giving interviews in remote jobs. FYI I'm terrible at interviews and spoken communications. Please provide your inputs. I want to work remote with good pay.

like

What accommodations can be made for a Deloitte case interview? Should I ask my recruiter or no? I would just disclose that I have a learning disability but adhd depending on what I need to disclose

like

What’s the best way to cold email an agency or production house to land an interview? Do things for the first time and wondering if there are tips or things to keep in mind

like

I have an interview this week! Best questions to ask the agency during COVID times?

likesmart

Has anyone left big law for a boutique and then decided to go back? What was your interview experience? Any advice how to sell?

like

What are exit interviews like at tech companies? Should I be honest or is that useless?

like

Asking for a friend: What’s the interview process for a FSO Manager in EY joining the DnA BI team like? Has anyone been through the process recently? Thanks

like

Bombed an interview for my dream job. I’m feeling so numb right now, and I can’t seem to process what just happened.

like

In house interviews: I finished a final round of interviews and was expecting a final decision after the interviews. Rather than yes or no, the recruiter told me that the feedback is positive but they need to interview one more candidate to compare since I am the first one interviewed. And they wanted to add one more meeting with their new team member starting next week. Is this common and what’s the best way to deal with this unexpected message? Thanks!

like

Have a meeting with an AdCom member this week for an M7 that I’m applying to R1, what are some valuable questions to ask? I know everyone says to ask things you’re genuinely interested in and not easily found on the program site but I found that line to be difficult to nail down.

like

Would you ever ask an interviewer “what do you consider my weaknesses as a potential candidate?” Or something of that nature? I’ve been advised to ask it before and am curious. Of course this will be an opportunity to “defend” yourself or highlight your strengths, or propose what you’re doing to improve in those areas. Interested in some other perspective as I have a final interview later this week

like

Additional Posts

500k at 31 which is great but I still feel like I’ll never be able to afford a house in my area (~1M). My money is pretty much 50% 401k 50% investments.

like

Share your experience on last month at your job before exit. What are some things to do?

like

I’m a new associate at BCG - started two weeks ago and I have no how idea if im doing well or not. I did a first informal feedback session last week and they told me I need to improve on slide making. Is this normal? I have a 6 months probation and I want to make sure I’m in a good position to pass. Am I being too nervous too soon?

like

Looking for Slalom interview advice. Any tips are greatly appreciated for my interview next week

like
like

I recently had a 14% increase to my base salary.. however after all the deductions, my take home is about the same... in order to have noticeable difference to your take home would require 50% or smth...

like

I have an awesome opportunity to apply for a promotion that would give me additional responsibilities but a faster track to leadership. I am also 10 weeks pregnant with my first confirmation appt next week. I want to go for it but feel bad about applying when I would go on mat leave in about 6-7 months, pending everything is on track with my first appt. Wanting advice on whether to apply or not and whether to disclose the pregnancy?

like

Need to get a COVID-19 test for international travel. Anyone knows how soon it can done before travel and any places in Jersey City that do it?

like

Curious question: Selected in this year lottery but for “h1b change of status cap subject FY2021”. I was planning to change company if h1b is approved this year(oct 1). Does this email subject line above means that I have to wait until next year October(2021) in order for my h1b to be officially approve and to change company? 😰

like

I used to be passionate about my firm’s people. Loved coaching junior folks and paying it forward with all the great mentoring I received early in my career. But my firm’s values and senior leadership priorities have incentivized a purely numbers vs people culture. It’s made the job so much less fun and personally fulfilling. Anyone also struggling with this and any advice?

likesmart

Hi Folks- Does anyone has insights on EY- TAS- operational transactional services practice ? Worktype, culture offer made ~15% bump and thinking about prospective career growth vs financial benefits.

like

Any good registry hacks? Or discounts to save money for things I’ll need for me , baby or the house?

like

Best consulting firms for healthcare providers?

I am about to refer my friend for the Accenture tech analyst position. Her resume is two pages. Should it be one page?

like

When interviewing for a strategy role without much prior experience, would you be honest and just say that? I feel like the interviewers will see right through my fabrications

like

Other consultants in the healthcare vertical? What are your thoughts on Obamacare aka Affordable Care Act?

like

For people managers, will you choose to downgrade to individual contributors at FAANG or continue being a people manager in traditional industries (e.g., finance, healthcare)?

like

HR/human capital/PAS consultant 🐠: If I have a Masters degree in HR and 2 years experience, is it worth it to get the aPHR or SHRM-CP? Or is the Masters degree enough? Should I wait for SPHR/SHRM-SCP

like

Costco is selling washable black fabric masks by 32 degrees (brand) that are far more comfortable to wear than those medical masks. Highly recommend especially if you are not at high risk.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal