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I've been looking into payment services lately and it looks like very few have pricing schemes that work well if most of your income consists of micropayments o
by lewisl9029 10y ago
I've been looking into payment services lately and it looks like very few have pricing schemes that work well if most of your income consists of micropayments of $1-3 or less. Stripe's pricing seems to be fairly standard, so I'll use it to illustrate my point: the fixed 30c cost on a $1 payment is 30%, which seems prohibitively expensive for this use case.
The only pricing scheme I've found so far that works adequately for my use case seems to be Paypal's Micropayments pricing of 5% + 5c: https://www.paypal.com/ca/webapps/mpp/merchant-fees https://www.paypal.com/ca/webapps/mpp/merchant-fees
Although I've heard enough horror stories about Paypal on the merchant side that I'm a bit hesitant to rely on it as my only payment processor.
I'd appreciate it if anyone here can share their experience with handling micropayments and the services they used to process them.
- jdavis703 10y agoSo Heartland Payment has an interesting scheme where micropayments are aggregated over a certain time period (say 2 hours) and then charged en masse. Another work around is to require users buy "credits" that they can then use for micro purchases at any given time.
- uptown 10y agoLook into Dwolla.
- BillinghamJ 10y agoStripe does have micropayment pricing. Just email them and ask about it.