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> Are there any promising avenues towards microtransactions that gets around small card transactions getting a hefty fee One option is to have regulations abou
by sofixa 3y ago
> Are there any promising avenues towards microtransactions that gets around small card transactions getting a hefty fee
One option is to have regulations about card fees, which is the case in the EU (0.2% for debit, 0.3% for credit).
Another is to use an alternative payment method, like India's UPI or Eurozone's SEPA which are free and instantaneous.
- Tijdreiziger 3y agoThe UX around card and SEPA payments sucks, though. I hear UPI is nicer.
- captn3m0 3y agoBut the UPI requirements of forcing mobile apps makes the monetisation usecase UX pretty terrible (think App Intents to and fro on mobile browsers) and scanning QRs on desktop. I’d rather like Taler.
- throwaway11460 3y agoIt's actually 2%+fixed amount fee (see e.g. Stripe.com and choose an EU country), 0.2 is just the interbank fee IIRC.
- jacobn 3y agoSEPA via Stripe takes on average 5 days, max 14 according to their docs - instantaneous would be a game changer?! https://stripe.com/docs/payments/sepa-debit https://stripe.com/docs/payments/sepa-debit
- calmoo 3y agoInstant free SEPA transfers are becoming more common in the EU, but as an easy payment method it’s still annoying from a UX perspective.
- Jommi 3y agoWhere did you read that SEPA is free? Thats not true.
- sofixa 3y agoIt is. Some shitty banks charge for SEPA Instant, but otherwise SEPA transfers themselves are fully free. Where aren't they?