Aaand I think we (and techcrunch coverage) just killed your site, hehe. Really slow right now.
Gumroad Gets $1.1 Million To Turn Any Link Into A Payment System
31–40 of 61 posts
Re: Gumroad Gets $1.1 Million To Turn Any Link Into A Payment System
#325% cut? No way. Dwolla https://www.dwolla.com/ takes $0.25 per transaction and NOTHING for amounts less than $10.00
Dwolla doesn't let you take credit cards. People buy things online with credit cards.
It's also inappropriate for the flow this app wants. You click a link, enter your CC#, get your content. Takes 5 seconds.
With Dwolla: click a link, sent to Dwolla, create a username, password and PIN, add an address, wait to receive a phone call or SMS, click a link in a verification mail, add your bank account, wait 2-3 days to verify your bank account, go back to the site and finish your payment...
Re: Gumroad Gets $1.1 Million To Turn Any Link Into A Payment System
#33When you first announced gumroad I had already built something similar, can I ask if you looked for investment or they came to you? My system allows the users to use their own stripe account keys, so we dont take a % or 30c.
Is this something that is publicly online yet?
Re: Gumroad Gets $1.1 Million To Turn Any Link Into A Payment System
#34I'm confused. Once some one buys the link do they get the real url? Could this person share this real url on Facebook? I understand that with a traditional online store, a customer could upload the downloaded file as a torrent and share it on Facebook, however, the ease of sharing a link compared to creating a torrent is pretty large. I guess the idea is to use this for content that you never really expected to make…
i'm assuming that the link either expires after a set period of time, or is set to become inactive after so many hits overall or within a defined period of time.
either way, i'm curious as to how he handles it.
Re: Gumroad Gets $1.1 Million To Turn Any Link Into A Payment System
#35Congratulations! I'm looking forward to seeing how this turns out. Well done sir :)
Re: Gumroad Gets $1.1 Million To Turn Any Link Into A Payment System
#36Wow...nice work Sahil! Looking forward to seeing more great stuff from you. We should plan another Saturday brunch.
Re: Gumroad Gets $1.1 Million To Turn Any Link Into A Payment System
#37How did you manage to automate transferring money to peoples bank accounts all over the world? I'm very interested in how you managed to solve this.
Re: Gumroad Gets $1.1 Million To Turn Any Link Into A Payment System
#38It all started here on Hacker News: http://news.ycombinator.com/item?id=2406614 So... thanks! :)
Congrates Sahil!! Couldn't be happier for you. Guess your decision to do your own thing turns out to be a right one? :)
Re: Gumroad Gets $1.1 Million To Turn Any Link Into A Payment System
#39Two suggestions: (1) Provide a trial mode where I can sell stuff (like real) for $0, so I can validate the whole experience. (2) Provide an API where I can create new sellable objects dynamically and programmatically.
I'm creating a fake account right now for test purposes and apparently you can sell stuff for $0. You can easily test it without actually doing anything "real".
As a seller my only issue is the sales link has a Gumroad logo that is kind of big and would be better listed as "powered by Gumroad" instead of just Gumroad as not to confuse users, but I have a feeling that will be a premium feature :)
The rest of the product is extremely simple to use.
Re: Gumroad Gets $1.1 Million To Turn Any Link Into A Payment System
#40Why is GumRoad getting more buzz than http://www.kout.me/ ? They seem to be very similar products. Is Sahil very well networked?
no he is not well networked. I mean, who ever heard about Pinterest or Turntable?