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Good for him for getting paid now. But that margin is too fat to go unchallenged. Market forced and competition will grind that 1% down quickly.
by thathndude 7y ago
Good for him for getting paid now. But that margin is too fat to go unchallenged. Market forced and competition will grind that 1% down quickly.
- semiotagonal 7y agoThe margin might be ample, but the fact that it adds up to only $60K per month might not attract much competition. This is no unicorn, it pays the bills for a couple of families.
- rscherf 7y agoUnicorn isn’t the goal, I’ll let Stripe be that. I’ll take the financial freedom.
- omarchowdhury 7y agoMarket forced competition always has to grind up against inertia and switching costs.
- rscherf 7y agoThere are several copycat apps that have tried varying pricing structures (some more like 1.3%) and others that tried to go lower (like 0.1%).