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The default cost of a transaction is typically ~$.30 cents. Thats just payment processing. Not alot of margin there.
by tedmcory77 8y ago
The default cost of a transaction is typically ~$.30 cents. Thats just payment processing. Not alot of margin there.
- stcredzero 8y agoThe default cost of a transaction is typically ~$.30 cents. Thats just payment processing. Not alot of margin there. A web app could aggregate charges to me, and aggregate payments out to content creators. Obviously. That's what Patreon was doing. Others could do it too. (If the allegations of collusion with payment processing are true, this would explain why this isn't done more.)
- stefan_ 8y agoHe has $40 subscriptions and presumably none of the creators only have his $1 subscription. At no point are they actually eating the fixed cost on a $1 transaction.
- stcredzero 8y agoActually, while Patreon did such aggregation, SubscribeStar seems to do each transaction individually. I wonder if they aren't over a barrel because insiders in the payment processing industry are locking them out.