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I would certainly hope so! But why should your landlord shave off 3% of his ENTIRE revenue stream? I mean, that percent is almost Wal-Marts entire profit margin
by betterth 15y ago
I would certainly hope so! But why should your landlord shave off 3% of his ENTIRE revenue stream? I mean, that percent is almost Wal-Marts entire profit margin.
If he is processing 200 payments of $1000/mo, that's $6000/mo in fees that he loses, or the equivalent of six entire rents! Dwolla, on the other hand, would cost him $50, or a 20X reduction in costs.
- rscale 15y agoI accept payment electronically via Intuit Payment Network. It costs me $0.50 per transaction for bank payments, or 3.25% if I choose to allow credit card payments. No subscription charges, no setup fees, nothing.
- betterth 15y agoAnd Dwolla would still cost HALF of what you pay.
- dustingetz 15y agoif google stopped providing free lunch, that's 20k employees times 250 lunches at $5/meal, or $25M. Give them a diet coke @ $0.20 instead for a 25x reduction in costs!!! that's more money saved than dwolla's entire busness! lets not deliberately de-normalize our figures, yeah?
- betterth 15y agoI'm not deliberately de-normalizing figures. What? What I did is a fair comparison and one of the main reasons Dwolla is already very popular for paying rent and for paying wages. How can you chastise me for improper comparison when I used their most basic use-case, the one they're actively working on, and you bring up a completely unrelated benefit an employer provides for their employees. Google can spend what they want, but that doesn't change the fact that $0.25/transaction is crazy for a businessman used to paying 3% of his business!!