[jboles]

> Credit cards are our primary form of digital money and their fees are excessive. The basic design was ACH money into the wallet, transfer money between balances for ultra low cost (1%), ACH money out of the wallet.

2% (credit card fee) is "excessive", but 1% is "ultra (!) low cost"?

[TACIXAT]

The fixed transaction cost is really what eats up low value transactions. 30 cent fee means anything below 30 cents is unusable. A 2 percent fee with no fixed cost would be fine with me. If you know of a processor that does this, let me know.

[jboles]

That’s a fair point, I had not considered the micro transaction aspect.