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A vending machine, on the internet

threekindwords.com

11–20 of 92 posts

Re: A vending machine, on the internet

#13

OP is in for a nasty surprise when they discover that the customers who complain the loudest are those that pay the least, and that it is difficult to turn a profit on a low-priced service due to the cost of acquiring customers. Edit: And credit card fraud. A $5 price combined with a Stripe payment process is very attractive to people who want to test stolen credit card numbers.

OP addresses this directly, if you bothered to read the whole thing:

"The stakes should be low. Whatever you’re selling, it’s gotta be cheap. And if things go awry? No one’s going to launch a chargeback crusade. Just like a reliable vending machine, if it jams, it’ll return your coins."

Re: A vending machine, on the internet

#14
post #13

OP is in for a nasty surprise when they discover that the customers who complain the loudest are those that pay the least, and that it is difficult to turn a profit on a low-priced service due to the cost of acquiring customers. Edit: And credit card fraud. A $5 price combined with a Stripe payment process is very attractive to people who want to test stolen credit card numbers.

OP addresses this directly, if you bothered to read the whole thing: "The stakes should be low. Whatever you’re selling, it’s gotta be cheap. And if things go awry? No one’s going to launch a chargeback crusade. Just like a reliable vending machine, if it jams, it’ll return your coins."

I read it all. No need for snark.

Not sure which one of my points you are refuting with that quote.

Re: A vending machine, on the internet

#18
The problem is with our payments infrastructure there isn't a practical way to make a "machine" on the internet that accepts two quarters. OP's machine charges $5. The Stripe minimum charge is $0.50, and their fees on that charge would be almost $0.21.

Re: A vending machine, on the internet

#19

The problem is with our payments infrastructure there isn't a practical way to make a "machine" on the internet that accepts two quarters. OP's machine charges $5. The Stripe minimum charge is $0.50, and their fees on that charge would be almost $0.21.

How does that $0.21 compare to the cost of maintaining the coin machine on a vending machine and sending someone to collect the cash?

Re: A vending machine, on the internet

#20
post #13

Earlier quoted context omitted.

OP addresses this directly, if you bothered to read the whole thing: "The stakes should be low. Whatever you’re selling, it’s gotta be cheap. And if things go awry? No one’s going to launch a chargeback crusade. Just like a reliable vending machine, if it jams, it’ll return your coins."

I read it all. No need for snark. Not sure which one of my points you are refuting with that quote.

If you introduce a process susceptible to credit card fraud then you're not keeping it low stakes.
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