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Cost is not purely monetary (price); transaction costs also factor in convenience, risk, and other factors.
by nickff 6y ago
Cost is not purely monetary (price); transaction costs also factor in convenience, risk, and other factors.
- xg15 6y agoI'm pretty sure GP was talking about monetary cost. This is moving the goalposts.
- AnimalMuppet 6y agoDisagree. Consider the phrase "time is money". That is, if Stripe costs more money, but saves me time, and I can do other things with my time, and some of those things make me money, then... is Stripe actually more expensive? This is especially relevant if "I" am a small business rather than an individual. Then the person whose time is saved can do something else with the time that can make money for the business. Or the business can run with fewer people, which saves money.