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The 5% fee does seem to be the main point of criticism. My argument is how else in the US can you make a payment of say $30 at a cost of $1.50? It looks like i
by mrkmcknz 15y ago
The 5% fee does seem to be the main point of criticism. My argument is how else in the US can you make a payment of say $30 at a cost of $1.50?
It looks like it will all boil down to the execution.
With it getting so close to launch I'm just ridiculously nervous. It's all I can think about, I just want one night where it's not on my mind. The fear of failing that is and letting people down.
I mean the other option would have been to enter YC in which case I'd be months away from release and probably still waiting on PG to tell me to pivot.
- SoftwareMaven 15y agoI wouldn't worry about the cost just yet. If you can really deliver three hour turn-around, you will find a class of customer who needs to get money somewhere quickly. Those will be the customers you want to cultivate. The only caveat might be in larger transfers: if I need to get my late mortgage payment to my bank, 5% can be in the hundreds. At that point, FedEx is cheaper (but still slower). Make that balance work, and you can be successful.