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Getting paid is fucked. In total, our "getting paid" process is ridiculously expensive, and the % here, % there being skimmed off the top by all players is real
by mdekkers 11y ago
Getting paid is fucked. In total, our "getting paid" process is ridiculously expensive, and the % here, % there being skimmed off the top by all players is really biting in some cases. When you are charging a few bucks for something it doesn't seem to add to all that much, but we typically have lower volume, higher amounts type payments, and on average, or "banking and financial transactions" cost line on the P&L runs between 15% to 20%. Having to pay that much money just to manage my money is rather upsetting.
Add on to that the idea that processors like paypal, stripe and the like basically hold you by the short and hairies and can at any point destroy your business by saying "we don't like something, we are cutting you off and holding on to your cash" is disturbing.
We really need a better alternative. Practice has shown that Bitcoin isn't it, so far.