[bfstein]

> Even Paypal, who ostensibly should be doing this, charges $0.30 for payments for goods and services.

PayPal is doing this. At least, via their subsidiary Venmo. The first thing I thought of when you said "try sending $.001 to someone once" was "huh, I do that all the time on Venmo. Couldn't be simpler."

[josephpoon]

I thought their minimum was $0.01 last I checked, I stand corrected!

Venmo also explicitly discourages you from sending money to people whom you don't have a social relationship with due to chargeback risks. They're a long ways away from being a general payment platform for goods and services online with people whom you don't have a prior relationship with, and as part of that will likely drop it from their business model. There's a reason why Paypal has been talking about doing it for 15 years but haven't actually done it (paypal doesn't charge any fees for payments to your friends but charges fees if you're paying for goods and services).

[bfstein]

Well you're actually right, the minimum is just $0.01. It's I who stand corrected!

[onetallnerd]

Venmo is really nice, I just wouldn't trust it with anyone I don't have a social connection with. In that regard it's superior to bitcoin.. Although, I'm digging circle recently.. People can set it as USD, and when they send me money I get it in bitcoin, and vice versa. :-) Doesn't matter if they're outside the U.S. or someone I don't know.