George Wright III interviews Colton Page, managing partner at PlatPay, about how entrepreneurs lose money daily through overlooked payment infrastructure, hidden fees, fraud, and risk. Page explains that payment processing is more than “hooking up Stripe,” requiring proper architecture across gateways, CRMs, plugins, and banking relationships, including true redundancy across different banks rather than multiple processors tied to the same bank. They discuss trends like friendly fraud and chargebacks at scale, owner-operator versus enterprise roles, and growth leakage from unnoticed fees, downgrades, and declines, with examples of businesses overpaying by tens of thousands per month. Page outlines PlatPay’s ability to interpret large, antiquated Visa data files to surface actionable insights, then layer secure AI in a dashboard to help owners make faster decisions. They preview Page’s new podcast, Above the Edge, aimed at learning-focused founder operators through real, vulnerable conversations, and note challenges like Visa VAMP compliance and delayed visibility into penalties.
00:00 AI vs Real Edge
01:03 Welcome and Money Leaks
02:37 Payments Misconceptions
03:54 Fraud and Chargebacks
04:44 Enterprise Operator Mindset
06:09 Payment Infrastructure Strategy
08:08 Why Start a Podcast
10:04 Meaning of Above the Edge
11:16 Ideal Listener and Vulnerability
14:12 Hidden Costs of Scaling
17:44 Downgrades Explained
19:05 Data Files and AI Layer
22:56 VAMP Compliance Risks
27:25 Founder Mistakes and Audits
30:06 Wrap Up and Next Steps
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George Wright III
“It’s Never Too Late to Start Living the Life You Were Meant to Live”
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Guest Bio:
Colton Page is the Managing Partner of PLATPAY, an AI-powered financial company built on the belief that traditional financial systems are inefficient, opaque, and costly. Through PLATPAY, he helps enterprise merchants recover lost revenue using advanced AI tools for fraud detection, chargeback automation, compliance protection, and financial reconciliation. His work focuses on rebuilding financial infrastructure from the ground up with AI—helping businesses protect their revenue while enabling investors to grow their wealth more effectively.
Links:
Instagram https://www.instagram.com/coltenpage/
LinkedIn https://www.linkedin.com/in/colten-page-1b32093a/
Facebook https://www.facebook.com/colten.page.1
