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by owenversteeg
4450 days ago
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There's a reason why every other payment processor I can name and probably hundreds I can't name charge a percentage - it strikes a balance between fairness for large and small payments. Almost no company I can think of would blink at a 0.25% fee - a sign your fees are too low. Meanwhile, nobody would want to pay 80% of a $1 purchase in fees. I really encourage you to rethink your fee model. Visa, Stripe, Mastercard, etc. all use a percentage. There's a reason why almost every payment fee in the last 50 years has used a percentage - because it works. Personally, I just discovered Gumroad and I'll probably be using that instead. With them I pay 10% of a $5 transaction in fees. With Snappy I pay 20%. It's a no-brainer. Finally, I don't think a flat fee plus a percent is too hard to understand. Stripe and Gumroad use it, and probably many more but I can't think of them. [edit] I just found out I can't use recurring subscriptions with PayPal. I'm going with Gumroad. That said, you have a really nice looking product and I'd love to use it, but 20% in fees is ridiculous. |
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I'm open to pricing suggestions. I was just trying to do what I thought was reasonable.
If you (or anyone else) want to work out some kind of X% for less expensive transactions, then send me an email and we can work something out. I'm willing to discuss matching whatever Gumroad or anyone offering similar checkout products is charging.