Re:Payment gateways for startups: a guide for founders
by saurik on Thursday May 02, 2019 @01:05AM
(#19804924)
It is maybe worth explicitly noting that for most online products with small ticket sizes (maybe $5) what you really want is to use someone like PayPal (which supports being used merely as a backend credit card processor) that has a micropayment pricing level (PayPal offers 5% + $0.05). The percent is high, but the fixed cost of $0.30/$0.22/whatever dominates the cost up to over $10.
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Re:Payment gateways for startups: a guide for founders
by tomaskafka on Thursday May 02, 2019 @03:34AM
(#19805610)
> PayPal offers 5% + $0.05
How? All I see is $0.30 + 3-5 % (which means 10 % from every $5 transaction - I'd love to lower this!) https://www.paypal.com/us/webapps/mpp/merchant-fees
Re:Payment gateways for startups: a guide for founders
by saurik on Thursday May 02, 2019 @04:19AM
(#19805806)
Do a Google search for [PayPal micropayments] and read the various help articles that result. (edit: ...or just scroll down on the page you linked, which literally has a section on this called "Micropayment Fees".)
Re:Payment gateways for startups: a guide for founders
by abalone on Thursday May 02, 2019 @04:34AM
(#19805876)
Correct me if I’m wrong but I believe PayPal micropayments requires the customer to have a PayPal account linked to their bank account (ACH). So, considerably less convenient than using a card.
Re:Payment gateways for startups: a guide for founders
by saurik on Sunday May 05, 2019 @03:11AM
(#19831585)
I am very sure you are wrong (that, or I'm misunderstanding what you are saying as something more subtle about the account and not about the payment: you definitely can receive payments made by users using credit cards with this rate; it would be entirely useless if that weren't the case, as frankly ACH is too slow to use for a purchase transaction, and I think sane merchants just disable accepting such payments--what PayPal sometimes calls "eChecks"--to avoid confusion).