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SEPA (and all other sorts of payment processors) don't work for micro payments, because no one wants to forward a 5cent payment, or they will charge another 20c
by littlecranky67 1y ago
SEPA (and all other sorts of payment processors) don't work for micro payments, because no one wants to forward a 5cent payment, or they will charge another 20cent as a fee. We had the WebPayments API fail over exactly this.
- ranguna 1y agoWhat do you mean? I just tried transferring 0.01€ and it showed 0€ in transaction fees. Not sure what you're on about.
- littlecranky67 1y agoBecause you are a private entity. Buisness Accounts usually charge per transfer, even incoming (i.e. my german Postbank business account charges 0.10€ for every INCOMING transfer). And if you start receiving hundreds of 0.01c transfers into your private bank account, you will receive a friendly phone call from you bank very soon.
- ranguna 1y agoAh so what you are saying only applies to business accounts. Your originally post did not make that distinction.