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Not to mention the fact that lower price points often pay higher % fees to payment processors because of per-transaction charges. Even PayPal micropayments is g
by callmeed 15y ago
Not to mention the fact that lower price points often pay higher % fees to payment processors because of per-transaction charges. Even PayPal micropayments is gonna take 10¢ on the dollar. My merchant account with BrainTree takes 30¢ per transaction plus a %. I don't know if some merchants offer different rates for micro payments but at that rate, you're talking about losing 30 to 35% of that $1 payment.
You might as well just build some iOS apps for you niche at those numbers.
- idlewords 15y agoIt's important to bill for multiple months of service at a time if you sell stuff at the $1/month level to avoid this problem. The transaction fees become prohibitive when you get below $5 or so.