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i would suggest calibrating the transaction fee % to make it end up being a moderately more expensive option if someone were to use it heavily (dunno if 9% is o
by noodle 18y ago
i would suggest calibrating the transaction fee % to make it end up being a moderately more expensive option if someone were to use it heavily (dunno if 9% is optimum for that or not), and then make the free one more prominent. that way, its a solid income generator if people don't want to pay upfront. this way, not like its losing you any money or an inconsistent revenue stream like it would be if it were ad-based. (also, i don't like the basecamp model where the free version is unobvious).
i think you would be the best judge on the needing another tier. i think, though, that if you take the previous suggestion i made, you're probably fine. make the free tier enough more expensive that its useful to use on a trial basis or on a non-professional basis, but if you want to start making some serious transactions, you'll want to have a paid sub.
/$0.02
- callmeed 18y agoGood stuff, thanks. I actually just ran a report and was surprised by the amount of transactions free accounts were processing. I figured most free accounts were just for messing around–but people are actually selling stuff with them. And the average transaction amount was only slightly lower for free accounts. I'll consider that–most of our competitors have much higher trans. fees so we have some room to move that up.