I'm not too surprised. Gumroad was bought by venture capital, found not profitable enough. Bought back by the founder. And maintained by a lightweight team.
> Fees on Gumroad are simple: When you make a sale, we charge a 10% fee. This does not include credit card processing or PayPal fees. There are no monthly payments or other hidden charges.
https://backed.by launched yesterday. It's a decentralized Patreon competitor that only takes 1%
I actually want to make a dedicated post about it cause it seems like an actually interesting utility of web3, but I also know a lot of people might just see web3 and automatically downvote.
Does it support real currency too? Doesn't matter what the cut is if it's a percentage of $0/month
E: the getting started page could do with being whittled down, linking someone to this and still expecting donations is ambitious! https://backed.by/pages/get-started
Indeed. I think it should be $1250 minimum, which would be a week's pay at a $65000 salary.
I think they might have kept it below $600 because of the IRS's $600 threshold* which to me is tantamount to them deciding not to pay a real bug bounty.
That is still low because of the unpredictability. It might take weeks of work across many sites to find a bug. So the bounty needs to be high to compensate for that, if it is to be a career.