5 ms·

Real hard to make a business with a $2 a month fee. When credit card fees in the US, the bank is eating like 50 cents of it. I think 7-8 bucks/pounds is about t

Real hard to make a business with a $2 a month fee. When credit card fees in the US, the bank is eating like 50 cents of it. I think 7-8 bucks/pounds is about the minimum price for many apps to bother with it. Below that rather just have a limited “free” tier.

vladjjj 6y ago
But I'd pay $25 a year in a heartbeat, otherwise I'm shuffling between free tiers.
throw3848 6y ago
Charge yearly... Works for domains..
- brianwawok 6y ago
  Sure. Domains are really close to 0 support. Can you email support questions when Dropbox starts acting weird? For $10-$20 a year, one support ticket makes the customer unprofitable for the entire year. Real thin margins, seems gross to try and build a business on the $1-$2 a month thing. I wouldn’t. Works for a Titans like apple and google because they are making money in other ways..
indymike 6y ago
Credit card fees are negotiable with most processors. You can get a fee structure that is optimized for low dollar transactions.
- Supermancho 6y ago
  That minimum fee has recently increased. Like 1-2 months ago. You are not going to negotiate that down with VISA/MC. Talk to a bar/restaurant worker, who gets to see the transaction fees.
  - indymike 6y ago
    I own an MSP and we have wide latitude to set rates with our customers. The numbers that were in the example ($.50 plus on a $2 transaction) are on the high side of ridiculous, especially for card present. And yes, the base costs vary by industry so your milage may vary.
    - brianwawok 6y ago
      You think card is present when you sign up for dropbox?
      - indymike 6y ago
        No, poster mentioned restaurants & bars, which generally are card present.
ryan29 6y ago
Charge annually? I use Zoho for email because of their $12/year/user lite usage plan. There's no way I'd pay for MS365 or Google Workplace given my usage. I also have an MXRoute account, historio.us, etc. where the recurring theme is they cost $20/year or less.

vladjjj 6y ago

But I'd pay $25 a year in a heartbeat, otherwise I'm shuffling between free tiers.

throw3848 6y ago

Charge yearly... Works for domains..

brianwawok 6y ago
Sure. Domains are really close to 0 support. Can you email support questions when Dropbox starts acting weird? For $10-$20 a year, one support ticket makes the customer unprofitable for the entire year. Real thin margins, seems gross to try and build a business on the $1-$2 a month thing. I wouldn’t. Works for a Titans like apple and google because they are making money in other ways..

indymike 6y ago

Credit card fees are negotiable with most processors. You can get a fee structure that is optimized for low dollar transactions.

Supermancho 6y ago
That minimum fee has recently increased. Like 1-2 months ago. You are not going to negotiate that down with VISA/MC. Talk to a bar/restaurant worker, who gets to see the transaction fees.
- indymike 6y ago
  I own an MSP and we have wide latitude to set rates with our customers. The numbers that were in the example ($.50 plus on a $2 transaction) are on the high side of ridiculous, especially for card present. And yes, the base costs vary by industry so your milage may vary.
  - brianwawok 6y ago
    You think card is present when you sign up for dropbox?
    - indymike 6y ago
      No, poster mentioned restaurants & bars, which generally are card present.

ryan29 6y ago

Charge annually? I use Zoho for email because of their $12/year/user lite usage plan. There's no way I'd pay for MS365 or Google Workplace given my usage. I also have an MXRoute account, historio.us, etc. where the recurring theme is they cost $20/year or less.