Earlier quoted context omitted.
It took us a couple hours to be in compliance with section C. If memory serves, we dealt with a vendor who did a scan, made us install AV software on our Linux boxes, and one or two other minor process adjustments. It wasn't a big deal. Given Spreedly's current prices of the lesser of $0.20/transaction or 2%/transaction, this minute quantity of work is currently providing us with a return of approximately $12,000/mo.…
I don't understand how Spreedly is somehow providing you a "return". They sit on top of your payment gateway so you pay everything you would've paid withluan in-house integration, plus Spreedly's fees. Coding your own subscription billing is a one-time thing as well. Where are you saving money?
Ask HN: How are lean startups easily accepting CC payments?
121–125 of 125 posts
Re: Ask HN: How are lean startups easily accepting CC payments?
#122So, anyone got a Braintree-like company in Canada they can reco?
Re: Ask HN: How are lean startups easily accepting CC payments?
#123[Breaking this into multiple comments, because it is too long. The subsequent parts will be replies to this] We've been accepting credit cards for about 10 years, but I've recently been looking into all of this because (1) I'm pretty sure we are getting reamed on fees by some of our current providers, and (2) we are starting a new line of business under a different brand name and want to set up credit card processing…
Use SaaSy and you don't have to think about any of this. Not so with any of the other recurring billing services though.
Re: Ask HN: How are lean startups easily accepting CC payments?
#124Earlier quoted context omitted.
Use SaaSy and you don't have to think about any of this. Not so with any of the other recurring billing services though.
At 5.9%+$0.95 or 8.9% flat? Good luck with that. Unless you can explain to me why anyone would be willing to pay near double what anywhere charges... Seriously, your site doesn't explain this well. Why do you charge near double (or even triple on the flat rate)?
Re: Ask HN: How are lean startups easily accepting CC payments?
#125Earlier quoted context omitted.
Use SaaSy and you don't have to think about any of this. Not so with any of the other recurring billing services though.
At 5.9%+$0.95 or 8.9% flat? Good luck with that. Unless you can explain to me why anyone would be willing to pay near double what anywhere charges... Seriously, your site doesn't explain this well. Why do you charge near double (or even triple on the flat rate)?
Regarding pricing, it's true there are less expensive-appearing services (though don't forget that without SaaSy handling everything for you you'd still have to pay 3.5-4% in e-commerce merchant fees for every order, once you factor in the true costs), but they end up costing you far more when you factor in software development costs and the years you will spend if you go it alone or use an existing basic service that appears to cost less. Remember, it's not just building what you think you need today, it's also adding on to it endlessly as your needs grow and change, and then there's the maintenance. That's just the tech development side, what about dealing with taxes, say in the EU if you have any EU customers, or a dozen other similar issues you'd otherwise be on your own to figure out and then develop a solution for? Take a look at this matrix to see what the cheaper, more basic solutions are missing that SaaSy provides for those launching or running existing SaaS businesses, and you'll see why SaaSy is actually quite a deal relative to the basic recurring billing services: http://saasy.com/matrix.php
In addition to saving you all the time, money, and hassle of building your own e-commerce system, the incremental profit you'll earn from utilizing our features for growing your average order size, lifetime value, and optimizing your conversion rate far outweigh the higher fees. Each feature you take advantage of can increase your revenue by a few percent, and it doesn't take too many increases of 2-4% here and there to add up to an overall profit improvement that far outweighs the few extra points that Saasy's all-in-one service costs. For example, cross-selling; upselling; add-ons; bundling; discounts & promotions; order pages in local currencies and languages; Facebook/Twitter referral management; a breadth of payment methods available for your customers; an order page customized to fit the rest of your site or designed to fit your preferences; the ability to test and tweak different order page structures and merchandising ideas; reseller management; analytics; outside help with PPC, SEO, affiliate, and general web marketing; fraud protection, and the list goes on. And then there's the impact our phenomenal customer service will have on your churn rate and the word-of-mouth sales it generates to have so many "wowed" end users out there talking up the customer experience of working with you. SaaSy also reduces your internal support expenses as they relate to order and payment customer support, since we handle that for you.
If you're up for spending up to a couple of years building and improving on an e-commerce infrastructure, SaaSy isn't for you. But if time to market is important and you'd rather focus on developing your product/service and doing sales and marketing instead of dealing with the distracting complexities of building your own e-commerce system either from scratch or by building all the needed functionality around one of the cheaper, more basic solutions, then you'll want to take a close look at SaaSy.
When you view our features list and the competitive matrix, think through the costs of developing your own infrastructure over the next few years vs. what your development team could instead be focusing on, factor in that you're not going to need to pay the 3.5-4% in e-commerce merchant fees for every order which you would be doing otherwise, consider not only the reduced expenses but the new revenue you'll now be able to generate, and you'll start to see why our rates are actually quite a deal, saving you money, helping you to significantly grow your revenue and to thrive relative to your competitors.