3 ms·
Would $1/month even be worth it? It seems payment processors would take a big chunk out of that $1, which is why I very rarely see monthly subs of that amount.
by charlie0 2y ago
Would $1/month even be worth it? It seems payment processors would take a big chunk out of that $1, which is why I very rarely see monthly subs of that amount.
- whatevaa 2y agoYeah, if you want that little, do Bitwardens $10 a year. $1 transactions are ripe for abuse, checking if cards are active.
- insane_dreamer 2y agoYou'd probably want to charge $10/year (once) rather than $1/month. It's still an easy choice for many people (of course still inaccessible for students in some countries).
- zip1234 2y agoAnother option is to make deals with universities or schools for access for their students where they pay a certain amount per year and the students can all have access
- rammer 2y agoUni sales cycles are horrendous. take forever and fickle
- insane_dreamer 2y agoYeah, that would be a __lot__ of overhead. Not worth it. I'd instead focus on trying to find sponsors ("$100 / month allows us to give a free account to 100 students in X countries!")
- emseetech 2y agoI've always wanted to experiment with a $5 a month or $10 a year model for low-cost subscriptions.
- gradyfps 2y agoSome payment processors have "micropayment" fee structures, where they take a higher % (5% in PayPal's case) for a lower fixed fee per transaction. PayPal's traditional fee (for USD)[1] = 3.49% + $.3, for $1 = $0.3349 PayPal's micropayment fee (for USD)[2] = 4.99% + $.09, for $1 = $0.1349 Using that model would make sense in OP's case. [1]: https://www.paypal.com/us/webapps/mpp/merchant-fees#statement-11 https://www.paypal.com/us/webapps/mpp/merchant-fees#statemen... [2]: https://www.paypal.com/us/webapps/mpp/merchant-fees#micropaymentfixedfee https://www.paypal.com/us/webapps/mpp/merchant-fees#micropay...
- nnurmanov 2y agoI did not know if Paypal had micropayments fee, thanks fir sharing!
- deleted 2y ago[deleted]
- datavirtue 2y agoWell, it's $12 a year. I always pay a sub for a year or two if it's that low.
- insane_dreamer 2y agoYou could use crypto for micro-transactions (it's one of the main problems that crypto was meant to solve). LiteCoin, for example, apparently has quite low fees[0] ($0.03-0.04) Monero much less than that. But enabling this in a frictionless manner for users is probably difficult (I don't own crypto myself). [0] https://coinwire.com/cheapest-crypto-to-transfer/ https://coinwire.com/cheapest-crypto-to-transfer/
- paulryanrogers 2y agoHasn't LiteCoin mining largely subsided and therefore is subject to 51% attacks?