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Creem: The payment platform that calls BS on hidden fees
- ksec 2y ago[flagged]
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- kasey_junk 2y agoRather than cluttering up the threads with meta-commentary you can email hn@ycombinator.com.
- fl0id 2y ago* subject to change at any notice, or once VC funds run out probably *
- 1oooqooq 2y agomisleading. promise a payment processors saving on fees, but is really AI powered remarketing based on e-commerce metrics. lame.
- imarkphillips 2y agoWhat do you mean? Their marketing pages offer 0% rates for card acceptance
- joshstrange 2y agoIt’s completely unclear if that means 0% after the normal CC fees or 0% total. Also it’s only up to $1K, after that you are paying 3.9% (again, unclear if it’s 3.9% total or after CC processing). A lot of companies in this space obscure the true cost of processing until you are already signed up and using it. It’s almost as bad as the infrastructure monitoring companies that never even ballpark the AWS cost (on top of their SaaS cost) you will end up paying to use their service (aka CloudWatch fees).
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- rubymamis 2y agoGood, we need more competitors in this space. I'm using Lemon Squeezy and okay with it, but the fees are too high. There's also Polar that is new around the block. Worth checking out.
- John_McT 2y agoGabriel made it really clear that the biggest reduction in fees will be for Europe-based founders. B/c a lot of current providers are US-based the Euros get nailed with international transaction fees. Details are a bit later in the episode.
- fnord77 2y agoThose smiley, shifty eyed evangelist types give me scammer vibes