5 Common Myths About Closed-Loop Payments—Debunked

Swiftpay Guru28 Jul, 2025Finance

When it comes to innovation of any kind, fear often disguises itself as logic. Just think about it—whenever you want to do anything new or implement something fear kicks in. It usually because of past experiences and beliefs. It’s also true for business owners like you. What do you think when you see or hear the term “closed-loop payments”? Too limiting. Too costly. Too complicated. Maybe one of these or all. These sound like reasonable concerns—until you realize they’re rooted in myths, not facts.