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It is maybe worth explicitly noting that for most online products with small ticket sizes (maybe $5) what you really want is to use someone like PayPal (which s
by saurik 8y ago
It is maybe worth explicitly noting that for most online products with small ticket sizes (maybe $5) what you really want is to use someone like PayPal (which supports being used merely as a backend credit card processor) that has a micropayment pricing level (PayPal offers 5% + $0.05). The percent is high, but the fixed cost of $0.30/$0.22/whatever dominates the cost up to over $10.
- tomaskafka 8y ago> PayPal offers 5% + $0.05 How? All I see is $0.30 + 3-5 % (which means 10 % from every $5 transaction - I'd love to lower this!) https://www.paypal.com/us/webapps/mpp/merchant-fees https://www.paypal.com/us/webapps/mpp/merchant-fees
- saurik 8y agoDo a Google search for [PayPal micropayments] and read the various help articles that result. (edit: ...or just scroll down on the page you linked, which literally has a section on this called "Micropayment Fees".)
- abalone 8y agoCorrect me if I’m wrong but I believe PayPal micropayments requires the customer to have a PayPal account linked to their bank account (ACH). So, considerably less convenient than using a card.
- saurik 8y agoI am very sure you are wrong (that, or I'm misunderstanding what you are saying as something more subtle about the account and not about the payment: you definitely can receive payments made by users using credit cards with this rate; it would be entirely useless if that weren't the case, as frankly ACH is too slow to use for a purchase transaction, and I think sane merchants just disable accepting such payments--what PayPal sometimes calls "eChecks"--to avoid confusion).