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Just launched a couple hours ago. Thanks for the find, and I agree fully with the sentiment. Docs are now fully public: https://docs.bolt.com/ https://docs.bol
by rbres 9y ago
Just launched a couple hours ago. Thanks for the find, and I agree fully with the sentiment.
Docs are now fully public: https://docs.bolt.com/ https://docs.bolt.com/
Pricing varies depending on volume, risk, and a number of different factors given the complexity of payments (and that we're taking on full liability). But after a short call we provide a very simple flat rate with no BS. As much as we'd like to do one price, given the nature of our product, it's just not viable at this time.
- jessaustin 9y agoThanks for that. The docs are considerably more reassuring than the rest of the site.
- rbres 9y agoAppreciate it. More to be published on the site, and welcome any and all feedback.
- sprite 9y agoIf you can't provide specific pricing maybe give a few sample pricings with different scenarios so people can at least ballpark it before requesting a quote?
- rbres 9y agoSure. Our fee ranges anywhere from a fraction of a percent to a couple percentage points. Companies selling $100k diamond jewelry (of which we have several) vs companies selling $100 bikes have different levels of risk. Most importantly, we typically charge 1/10 the revenue we generate for our clients: https://bolt.com/case-studies https://bolt.com/case-studies. Everyone who's signed up is 10X ROI positive. For a small single digit percent they're making double digit percent more money. On top of the Bolt Fee, we match processing, and that's about it.
- tootie 9y agoI'd wager they are planning to A/B test pricing models and hence can't make a public commitment.
- deleted 9y ago[deleted]
- kodablah 9y agoThanks. Pardon the harshness, I just abhor the practice and see it too often.
- rbres 9y agoDefinitely. Valuable feedback, and much appreciated.
- skrebbel 9y agoMarginally related question: I just read https://bolt.com/team https://bolt.com/team and how do you build such a large company before even launching? I mean, you have a fulltime recruiter on payroll. If you started in 2014 and stayed stealth for 4 years, how on earth did you manage to raise the funds needed to a) survive and b) have such a large team? Note: I mean this entirely unskeptically. I wonder how you pulled this off and I think it's a positive signal about your company that you did.
- rbres 9y agoGood question. It was actually pretty insane. In payments, the MVP bar is high and we built like 4 companies in one (payment processor, fraud detection co, checkout platform, + more). So we had to raise a bunch, hire world-class people, and write code for a couple years before launch, all the while convincing investors that we weren't going to be another stealth-disaster-company. We then landed close to 100 customers while totally in stealth. I'll be writing blog posts about how we did it -- from fundraising to recruiting to sales. It was 100 times harder than I ever imagined. But, it's made us stronger than ever.
- flaviuspopan 9y agoThis is way more interesting than the actual product, I can't wait to read the post!
- kodablah 9y agoLikewise. I hope the reason for remaining in "stealth" is detailed.
- ajinkyai 9y agoAre you hiring interns for the summer 2018 season?
- rbres 9y agoYes! Shoot us an email: jobs [at] bolt.com