71–80 of 182 posts
This hits me with nostalgia. I had made the first buy me a beer / coffee plugin for the wordpress ecosystem back in 2007. People consistently were earning more from donations than from adsense through the plugin. The idea wasn't originally mine. Paul Myers on the warriorforum used to have "buy me a beer" in his signature. I just ported it to wordpress. Its amazing to see you guys doing well.
Holy shit, you folks have gotten a lot of negativity out of HN today. I don’t have anything negative to say. Congratulations on making it into YC and getting to launch! You’ve got a great story. I’m about to launch something that could use this. I’ll sign up in a few days. Best of luck and congratulations on your launch!!
I'm at jijo@buymeacoffee if you have any questions while setting up your page.
Being in YC, I assume your plan is to be headquartered in the US, or at the very least, do business with US customers/entities. I notice your team doesn't involve any compliance people. As you probably already know, you are a MSB in the US, do you have plans to expand your required compliance policies? Does your team already file on any potential BSA/AML concerns? Or is this like a "when we get to that bridge we will…
first off, thank you for the kind words! Payment fraud and AML - we're a PayPal and Stripe Partner and do not hold the money that we process. We use their marketplace products to handle payments, fraud and compliance so that we can focus on the product.
If someone pays with paypal, can I still get the money in my stripe account? If not, what's the main benefit over using your service versus just using paypal and stripe directly? Do I still need to create a paypal account and a stripe account to use your service?
Congratulations on your announcement, I’ve been following you and Buy Me A Coffee for a while. If I remember correctly, you got accepted to YC with a different idea — some sort of podcast app. Can you explain why you decided to pivot back to Buy Me A Coffee?
> If I remember correctly, you got accepted to YC with a different idea That'd be Brew [0]: https://brew.com As for the pivot, I'm not sure it qualifies as a pivot since buymeacoffee.com predates brew.com. Separate businesses, and it seems to me they're simply re-announcing buymeacoffee again [1] and possibly shifting focus to make it the main product. Another YC company https://kyte.ai (AI for SMS inboxes) did that…
Hi great story! I have been watching Buy Ma Coffee for a couple of years now and I had no idea it was a side project. How do you monetize Buy Me a Coffee? Do you just take a cut from the contributions made? or do you have a different model?
thank you! Yes, we take a 5% cut like Kickstarter.
So if someone donates $1, I would receive 95c in my bank account?
How do you make money on this when Stripe is likely charging you quite a bit more than 5c in transaction fees?
Been using it for a while and like it so far. A downside for me is that from every $3 coffee paid by supporters, I only receive $2.39 in my Paypal account :(
Their pricing page claims the fee is only 5%. Is this not true?
Earlier quoted context omitted.
first off, thank you for the kind words! Payment fraud and AML - we're a PayPal and Stripe Partner and do not hold the money that we process. We use their marketplace products to handle payments, fraud and compliance so that we can focus on the product.
>Payment fraud and AML - we're a PayPal and Stripe Partner and do not hold the money that we process. We use their marketplace products to handle payments, fraud and compliance so that we can focus on the product. If someone pays with paypal, can I still get the money in my stripe account? If not, what's the main benefit over using your service versus just using paypal and stripe directly? Do I still need to create a…
Also, a significant portion of the activity that we see is driven by gratitude. People love supporting a creator and leaving a positive note.
I have always made sure to recommend to my fellow influencer friends about Buymeacoffee and they are thanking me for a wonderful product you have implemented! Awesome work guys! Thank you team BMAC !
A couple of questions on that front:
- Do your terms include mandatory arbitration agreements for creators?
- Do your terms include mandatory arbitration agreements for tippers?
- Your signup link mentions that you ban adult content. Do you have a clear definition somewhere of what adult content is, or is this following the "know it when we see it" model of platforms like Patreon and Steam?
On the privacy policy front:
- What personal information do you require on signup (for creators and tippers). Can I tip someone without providing them my address/phone number? Can I create an account without providing you my address/phone number?
On the general feature front:
- The site mentions that I can create webhooks, but doesn't mention whether there's a general API for things like adding posts, updating pledges, etc...
This is my biggest personal problems with Patreon -- their interface isn't particularly great, and I can't automate any of the stuff I need to regularly do, so as a result I mostly ignore it or try to handle all of my reward tiers outside of the platform. But on a wider, less personal level, it's also a way to make it harder to migrate between funding platforms and to increase lock-in.
I’ve been following Buy Me A Coffee since it publicly launched (not today) and it’s great to see that a side project can get support from YC. It’s not an easy space. I work winters as a snowboard instructor. Over a typical winter I’d teach literally hundreds of people. Every once in a while I’d get a gift card, if guest is American, I might even get a cash tip, but generally, it’s Snow School pay. So, I thought somet…