3 ms·
They're charging 0.35 for moving some balance from one big transaction they charged me into accounts of the people I support. It's basically charging for an ato
by Anderkent 9y ago
They're charging 0.35 for moving some balance from one big transaction they charged me into accounts of the people I support. It's basically charging for an atomic move.
You seem to assume that each pledge is a separate transaction. But the entire advantage of patreon over doing pledges directly is that all my pledges are one transaction with them, and all pledges someone receives are one transaction. Sure, charge me 0.35+small % once a month as transaction fee.
- jasonlotito 9y ago> You seem to assume that each pledge is a separate transaction. Incorrect. I know how Patreon used to work before this announcement. My understanding is they are splitting it up into separate transactions, which makes sense if you understand how credit card processing, monetary transactions, and all the legal ramifications around them operate. What I do hear is a lot of people who haven't worked in the CC industry making baseless assumptions about how all this works.
- jopsen 9y agoPayPay, Google Wallet, and many other systems allows you to move money within the system for free. Only paying a fee when money comes in or out of the system. What most of us are unhappy with this that they plan to split the pledges into one transaction per pledge. Which will make micro payments unfeasible.