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Wasn't it that they paid $.10 per user, and then, if they converted, got $1-$3? Without knowing the conversion ratio you wouldn't be able to say what the margin
by antiismist 18y ago
Wasn't it that they paid $.10 per user, and then, if they converted, got $1-$3? Without knowing the conversion ratio you wouldn't be able to say what the margin was.
- AndrewWarner 18y agoGreat point. We didn't have 100% conversion. I kept things simple to explain how the business worked. There were other factors like this at play. By the way, a big one was fraud. I remember seeing my first washed check. That's where someone took a check our company made out for $25 or so. Washed our ink of it, and rewrote the check for much more money. Crazy.
- antiismist 18y agoSupposedly there are special inks that help with that. But even so checks are hard to control, and the company I worked for switched to paypal for international payments.