301–310 of 351 posts
15% is not a deep cut. That’s a totally a reasonable cost for smoothly running the infrastructure necessary to support a creator with a monthly subscription model.
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If I pay in cash then I’m physically present. Usually I’m at a store with a reputation to uphold and a set return policy that’s reliable. If I’m transacting with an unknown entity (eg craigslist) then I can at least physically inspect the item. Very different than ordering online.
> Very different than ordering online. So for these cases you consider a high chance of the counterparty being dishonest, you use the alternative that can give you safeguards. If it makes more sense to use a credit card, you can still use it.
The lack of fraud (by which you really just mean lack of charge back) is only a benefit for the seller, and not the buyer. You are just moving risk to the buyer, and it is just like the old days of the Web when some sellers would try to get you to use western union to pay.
I've not seen you describe this yet in the thread, which tells me there is no benefit or you haven't thought this through.
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Your experience with Patreon will depend on what kind of thing you're supporting. For example, if you support a Youtube channel you might continue watching on Youtube and rarely need to visit Patreon's website at all. But if you support an author who is releasing a book, three pages per day? And you're paying for early access? You'll notice there's no bookmarking / next page features. And if that author has three pri…
The author is charging more for access to the feature you want. You need to pay more to get that benefit, just like you need to pay more for early access or whatever other perks are offered.
Which is generally more advance chapters. Maybe discord benefits, extra side-story chapters, access to in-progress/draft chapters, or author Q&A sessions. I've never seen notification e-mails listed as a benefit.
Almighty coincidence that e-mail notifications are always reserved for the earliest access tier, but every author has forgotten to advertise the benefit.
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> Very different than ordering online. So for these cases you consider a high chance of the counterparty being dishonest, you use the alternative that can give you safeguards. If it makes more sense to use a credit card, you can still use it.
Since it is the customer who chooses the payment method (or just won't buy from the seller if they aren't happy with the options offered), what is the benefit for the customer? The lack of fraud (by which you really just mean lack of charge back) is only a benefit for the seller, and not the buyer. You are just moving risk to the buyer, and it is just like the old days of the Web when some sellers would try to get yo…
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It has a lot to do with crypto for payments if the vendor has to deal with massive swings in value over very short time frames. The solution that most vendors wind up with is getting their crypto exchanged for not-crypto ASAP, which is useful solution but not much of an endorsement for having accepted crypto in the first place.
When I am talking about payments with "crypto" it also includes stabletokens, which don't have this problem. (And no, not all stabletokens are created the same. Tether is poison and everyone should stay away from it. The "algorithmic" stabletokens are already provably not viable. But DAI has managed to survive even worst market crashes than the current one, and USDC still has some semblance of trustworthiness.)
We said the same thing about Celsius
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If credentials are stolen, crypto or otherwise, a scammer can then use those stolen credentials to make a payment. All non-reversible transactions do is put the risk of fraud on the consumer. IE, if you buy anything with crypto and it turns out to be defective, or just not arrive, you have no recourse. You're just out the money.
>If credentials are stolen, crypto or otherwise, a scammer can then use those stolen credentials to make a payment. Crypto credentials are not comparable to bank credentials. Crypto credentials are a public key; you still need the secret key in order to authorize a payment. Credentials are insufficient to make a crypto payment. Bank credentials are usually just open-source information that anyone can get a hold of, a…
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When I am talking about payments with "crypto" it also includes stabletokens, which don't have this problem. (And no, not all stabletokens are created the same. Tether is poison and everyone should stay away from it. The "algorithmic" stabletokens are already provably not viable. But DAI has managed to survive even worst market crashes than the current one, and USDC still has some semblance of trustworthiness.)
>But DAI has managed to survive even worst market crashes We said the same thing about Celsius
DAI can only crash "for good" if Ethereum crashes for good. MakerDAO is not over-leveraging itself to mint DAI into the market. MakerDAO does not pay any type of dividends to the people putting their crypto into the system - the opposite, actually.
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Every retailer with a median transaction size under $20 hates credit cards. Yet with rare exception they all take cards. The customer chooses the mechanism, not the merchant. To best credit cards you'll have to be more customer friendly.
Come to Berlin and marvel at how many cash-only shops we have. And if you are talking about internet retailers, can we make an exercise to think of how many new businesses would be viable if transactions of 20 cents were a thing?
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Come to Berlin and marvel at how many cash-only shops we have. And if you are talking about internet retailers, can we make an exercise to think of how many new businesses would be viable if transactions of 20 cents were a thing?
10 years ago I remember either MediaMarkt or Saturn (large electronics/ home appliance stores) not taking credit cards. Now not only most businesses in Berlin take credit cards (I saw a couple of cash-only, for sure)… I found a couple of “electronic payments only” ones.
Patreon handles all fraud, chargebacks, scams, and on top of that it also handles international tax schemes like EUVAT. Which is a GIGANTIC help for any creator because otherwise you will have to process and file the tax from all those sales one by one yourself or have an accountant do it for you. He seems to have missed that part of the cost. Donorbox seems to be for non-profits, which, I very much doubt the author's writing qualifies as. He may get away with it since he is from India and India may not be cracking on such things yet, but as the international VAT schemes proliferate and India jumps on board, it will be a different story.