4 ms·

Yep, that's Stripe's 2.9% credit card processing fee, and then 1% that we take. Our goal in the future is to open up and accept other online payment options th

by kkilat 12y ago

Yep, that's Stripe's 2.9% credit card processing fee, and then 1% that we take. Our goal in the future is to open up and accept other online payment options that have lower overall fees, as well though. We definitely want you to keep as much of the money you've earned as possible, and get it as fast as possible!

tghw 12y ago
This service is worth 1% of my income? On top of 2.9% fees? For some reason, I have trouble believing that it'd be worth my while.
- tadmilbourn 12y ago
  That's what we're hoping to prove. We've had early customers get paid in less than an hour (compared to 3-4 weeks). It was worth the 1% to them to get their money (averaging about $2,000) faster. Now, with increased traffic and user from things like this Show HN, we're hoping to show that we can sustain those positive early indicators at greater scale.
bnejad 12y ago
You may want to make that clear somewhere on your website. I don't want to click "Try Now" before I can see the terms/pricing/etc
- tadmilbourn 12y ago
  Thanks! That's an oversight on our part. We'll make that more clear in the next iteration of that page.
pc86 12y ago
Anything that supports ACH would be good for payments to agencies or consultancies which can often be $15-20k or more. I know Dwolla is one but I'm sure there are others. It would also be nice to have the option to add the fee to the invoice rather than pay it out of gross. Meaning for a $100 invoice, add $3.90 to it so that I get $100 after all fees. Most clients would never go for that but on smaller invoices you can often charge reasonable processing fees. Certainly wouldn't work for $400+ in fees, though :)
- tadmilbourn 12y ago
  Great ideas! If everyone had a Dwolla account, it would be a wonderful thing. Instant payment transfer at low cost. That's the future we want to see. We'll layer on more payment methods over time so that folks can choose which method makes the most sense for them based on cost and speed.

by kkilat 12y ago

tghw 12y ago

This service is worth 1% of my income? On top of 2.9% fees? For some reason, I have trouble believing that it'd be worth my while.

tadmilbourn 12y ago
That's what we're hoping to prove. We've had early customers get paid in less than an hour (compared to 3-4 weeks). It was worth the 1% to them to get their money (averaging about $2,000) faster. Now, with increased traffic and user from things like this Show HN, we're hoping to show that we can sustain those positive early indicators at greater scale.

bnejad 12y ago

You may want to make that clear somewhere on your website. I don't want to click "Try Now" before I can see the terms/pricing/etc

tadmilbourn 12y ago
Thanks! That's an oversight on our part. We'll make that more clear in the next iteration of that page.

pc86 12y ago

Anything that supports ACH would be good for payments to agencies or consultancies which can often be $15-20k or more. I know Dwolla is one but I'm sure there are others. It would also be nice to have the option to add the fee to the invoice rather than pay it out of gross. Meaning for a $100 invoice, add $3.90 to it so that I get $100 after all fees. Most clients would never go for that but on smaller invoices you can often charge reasonable processing fees. Certainly wouldn't work for $400+ in fees, though :)

tadmilbourn 12y ago
Great ideas! If everyone had a Dwolla account, it would be a wonderful thing. Instant payment transfer at low cost. That's the future we want to see. We'll layer on more payment methods over time so that folks can choose which method makes the most sense for them based on cost and speed.