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Ask HN: Why does Paypal still exist?

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Re: Ask HN: Why does Paypal still exist?

#41
post #26

Earlier quoted context omitted.

there are a few "buy me a coffee" websites that basically act as a middle man for stripe that take 2-3% fee.

On top of stripes 2.9 percent fee?

These guys charge 5%, which I think includes the stripe fee, but no monthly fees.

https://www.buymeacoffee.com/faq

I have seen other people post similar products with lower fees.

Re: Ask HN: Why does Paypal still exist?

#42
post #26

Because nobody else has a "buy now" button that is so simple to be plopped onto a static site and doesn't have a monthly fee. Stripe requires a back end and a fee. Shopify has a monthly fee. If you're doing low volume, that fee adds up.

there are a few "buy me a coffee" websites that basically act as a middle man for stripe that take 2-3% fee.

I am curious, Any example of those site?

Re: Ask HN: Why does Paypal still exist?

#43

Because nobody else has a "buy now" button that is so simple to be plopped onto a static site and doesn't have a monthly fee. Stripe requires a back end and a fee. Shopify has a monthly fee. If you're doing low volume, that fee adds up.

At atlasaf.com we solved this by creating a P2P infra - and we settle every transaction with DAI in the background. You enter a title and description and you get a payment link and/or a button. Zero commissions.

If anyone is looking to make a bid to buy us, since we're in the middle of selling this (due to a lack of funds), my email is francesco at atlasaf dot com

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