Launch HN: TrapFi (YC W18) pays freelance developers by the pull request

Re:Launch HN: TrapFi (YC W18) pays freelance developers by t... by Jefro118 on Tuesday March 20, 2018 @07:11AM (#16627485)

How are your rates so low? Does that not include processing fees from Stripe? (That's what I assume you are using)

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Re:Launch HN: TrapFi (YC W18) pays freelance developers by t... by aloukissas on Tuesday March 20, 2018 @10:20AM (#16628758)

Actually, the fees aren't that low: a) stripe charges 0.8% per ACH transaction, so that's almost a 2x profit margin at 1.5% fee; b) stripe also puts a cap of $5 per transaction, so the 2x profit margin is even higher once the transaction is over $625. Always be wary of % fees w/o a cap.

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Re:Launch HN: TrapFi (YC W18) pays freelance developers by t... by Jefro118 on Tuesday March 20, 2018 @11:47AM (#16629575)

Thanks. I was thinking the Stripe fees would be the 2.9% + $0.30c, but I was looking at the wrong thing.

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