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Reddit Gets Two New Donation Options Powered By Crowdtilt And Dwolla

57 points by immad 14y ago

gjohnson 14y ago
Congrats, CT team!
- jjb123 14y ago
  thanks man. and while we're on hackernews, we might as well use this as a good opportunity to say something we've been dying to say for a while... perl, bitches! :P
  - ukd1 14y ago
    Hahaha
deleted 14y ago
[deleted]
001sky 14y ago
There are also some differences in pricing between the two donation options. Crowdtilt is waiving its fee for its service for this collaboration, but charges 2.5% for credit card processing. Dwolla is free for transactions under $10 and 25 cents for those higher. Meanwhile, Stripe is 2.9% + $0.30 for any transaction. This has the potential to be really powerful. More frictionless sharing.
wamatt 14y ago
Very cool guys! :) Flattr support would be nifty too
ajaymehta 14y ago
Amazing news, Crowdtilt!
zosegal 14y ago
Great move, way to go CrowdTilt & Reddit.
longame 14y ago
What Reddit /really/ needs to do is fix their self-serve advertising platform. Their wasting their gold mine.
ashray 14y ago
I love the fact that reddit has come up with this partnership. On an unrelated note: I feel a big crowdfunding bubble coming on. There's a ton of circlejerking going on in startup circles about how crowdfunding is the next big thing (tm). Sure, there is a bit of potential out there and definitely some niches that could use it but there are already wordpress style (out of the box deployment) paid crowdfunding deployment platforms (!!). Do you guys think it's got a long way to go or everyone's just getting excited because of kickstarter and indiegogos big numbers ?
buro9 14y ago
For a moment there CrowdTilt had me really excited, but then I came across: 1) Need to be in the US and have a US bank account 2) Need to be on Facebook I'm weeks away from starting a £25k funding round by tapping up my users (who have been badgering me to do this for the longest time). The biggest issue I've got is that I'm in the UK. I dislike that the most cost effective and convenient way to do this is to use PayPal and build my own front-end. PayPal. I want to use Kickstarter, or Crowdtilt, or Stripe (if I have to build my own front-end). Anything but PayPal. PayPal it looks set to be though. I can't find another <4% method of doing this if you're not in the USA. If anyone knows a UK or EU based crowdfunding solution with fees 4% or lower, then I'd love to hear about it.
- ZeroMinx 14y ago
  For the UK, perhaps GoCardless is an option? https://gocardless.com/paylinks https://gocardless.com/paylinks
  - buro9 14y ago
    Good suggestion. I'll ask the users how comfortable they are with paying via direct debit.
    - buro9 14y ago
      Initial indications from a small sample size says that they strongly prefer direct debit for recurring subscriptions of any kind, and still like the concept for one-off payments. What they like is the direct debit guarantee and that they have visibility and control of the payments.
- MrDOS 14y ago
  Might be worth putting your name down for the Stripe global beta access: https://stripe.com/global https://stripe.com/global.

57 points by immad 14y ago

gjohnson 14y ago

Congrats, CT team!

jjb123 14y ago
thanks man. and while we're on hackernews, we might as well use this as a good opportunity to say something we've been dying to say for a while... perl, bitches! :P
- ukd1 14y ago
  Hahaha

deleted 14y ago

[deleted]

001sky 14y ago

There are also some differences in pricing between the two donation options. Crowdtilt is waiving its fee for its service for this collaboration, but charges 2.5% for credit card processing. Dwolla is free for transactions under $10 and 25 cents for those higher. Meanwhile, Stripe is 2.9% + $0.30 for any transaction. This has the potential to be really powerful. More frictionless sharing.

wamatt 14y ago

Very cool guys! :) Flattr support would be nifty too

ajaymehta 14y ago

Amazing news, Crowdtilt!

zosegal 14y ago

Great move, way to go CrowdTilt & Reddit.

longame 14y ago

What Reddit /really/ needs to do is fix their self-serve advertising platform. Their wasting their gold mine.

ashray 14y ago

I love the fact that reddit has come up with this partnership. On an unrelated note: I feel a big crowdfunding bubble coming on. There's a ton of circlejerking going on in startup circles about how crowdfunding is the next big thing (tm). Sure, there is a bit of potential out there and definitely some niches that could use it but there are already wordpress style (out of the box deployment) paid crowdfunding deployment platforms (!!). Do you guys think it's got a long way to go or everyone's just getting excited because of kickstarter and indiegogos big numbers ?

buro9 14y ago

For a moment there CrowdTilt had me really excited, but then I came across: 1) Need to be in the US and have a US bank account 2) Need to be on Facebook I'm weeks away from starting a £25k funding round by tapping up my users (who have been badgering me to do this for the longest time). The biggest issue I've got is that I'm in the UK. I dislike that the most cost effective and convenient way to do this is to use PayPal and build my own front-end. PayPal. I want to use Kickstarter, or Crowdtilt, or Stripe (if I have to build my own front-end). Anything but PayPal. PayPal it looks set to be though. I can't find another <4% method of doing this if you're not in the USA. If anyone knows a UK or EU based crowdfunding solution with fees 4% or lower, then I'd love to hear about it.

ZeroMinx 14y ago
For the UK, perhaps GoCardless is an option? https://gocardless.com/paylinks https://gocardless.com/paylinks
- buro9 14y ago
  Good suggestion. I'll ask the users how comfortable they are with paying via direct debit.
  - buro9 14y ago
    Initial indications from a small sample size says that they strongly prefer direct debit for recurring subscriptions of any kind, and still like the concept for one-off payments. What they like is the direct debit guarantee and that they have visibility and control of the payments.
MrDOS 14y ago
Might be worth putting your name down for the Stripe global beta access: https://stripe.com/global https://stripe.com/global.