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Do I understand correctly that in order to pay someone through your service I need to first create an account and then link it to a conventional card? If so, i
by abcd_f 1y ago
Do I understand correctly that in order to pay someone through your service I need to first create an account and then link it to a conventional card?
If so, it's ultimately a PayPal remake?
- strnisa 1y agoCustomers do create an account and provide a payment method, but they don't pre-fund or hold a balance, and they don't initiate a payment. Small Transfers is an API that allows merchants to charge very small amounts programmatically. At the end of each month (or earlier, if a threshold is reached), we charge the customer what they owe. This makes the tiny charges viable and avoids death-by-$0.30. It's not a PayPal remake, since there are no wallets, no P2P transactions, and no stored funds. In addition, Small Transfers allows very small charges (as mentioned above), and provides customer OAuth and spending caps.
- rytis 1y agoif the customer owes $0.001, how are you charging that?
- strnisa 1y agoIf a customer's balance is under $1 at the end of the month, we delay charging them for up to 60 days and send email reminders. If it's still under $1 after 60 days, we charge at least $0.50 and credit the difference (after fees) to their account for future use.
- qmr 1y ago> ultimately a PayPal remake? Pretty sure you can't send tiny fractions of a penny through PayPal.
- artursapek 1y agoyou could using gripto
- strnisa 1y agoFrom what I can find, Gripto was a cryptocurrency platform for viewing holdings, market info, and relevant news. It seems that the service was retired in late 2018.
- artursapek 1y agoit’s just a derogatory nickname for crypto lol