If you raise your price, you will only end up dealing with businesses that have identified a need for your product, and know exactly how much fraud and other issues cost them.
With your price as is anyone can use it for any purpose, including those that don't involve losing money because of a fraud transaction.
I considered using you for my site just to get GEO-IP. Sure, I could setup a geoip database myself and keep it in sync manually, but at your price point... it was a no brainer.
Plus I'd get threat analysis thrown in so I can know if one of my users isn't able to see the site because Cloudflare is blocking them for being a tor exit node.
But of course if you charge $1000 a month for that, I won't use it for 'any purporse'. I'll just use it for pre-screening new subscriber accounts (and not free ones) because that's the only time it'd make sense.
Look at the numbers again. 1,000,000 checks a month for $25? Even for an ad-supported site (using the checks for commenting) will get vastly more revenue and be able to afford it.
Remember, at $10 for $100, he has to convert 10x the number of accounts. People that are considering setting up their own DB usually don't fall into the category of "good SaaS customers".
True, but if i weren't a technically enabled client then I would want real fraud scrubbing, not this simplistic stuff based solely on someones IP address.
This is something you can add to your own heuristic, but not really use as-is.
Thanks for all the great feedback everybody. We are still looking at pricing. Obviously with all the signups today we will honor original pricing forever if we do decide to make any changes in the future.
If you raise your price, you will only end up dealing with businesses that have identified a need for your product, and know exactly how much fraud and other issues cost them.
With your price as is anyone can use it for any purpose, including those that don't involve losing money because of a fraud transaction.
I considered using you for my site just to get GEO-IP. Sure, I could setup a geoip database myself and keep it in sync manually, but at your price point... it was a no brainer.
Plus I'd get threat analysis thrown in so I can know if one of my users isn't able to see the site because Cloudflare is blocking them for being a tor exit node.
But of course if you charge $1000 a month for that, I won't use it for 'any purporse'. I'll just use it for pre-screening new subscriber accounts (and not free ones) because that's the only time it'd make sense.