I Created a $60K/Month App That Collects In-Person Payments Through Stripe
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Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe
#2After the news about pornhub and PayPal yesterday, any chances you’d add their use case?
Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe
#3After the news about pornhub and PayPal yesterday, any chances you’d add their use case?
I believe that would be classified as a restricted business and disallowed by Stripe’s TOS. [1]
Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe
#4It's interesting how a common tenet of startups is "build products, not features" -- and yet here's a very clear example of a "feature" that can be very successful.
Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe
#5After the news about pornhub and PayPal yesterday, any chances you’d add their use case?
I believe that would be classified as a restricted business and disallowed by Stripe’s TOS. [1] 1. https://stripe.com/restricted-businesses
Sure, but after having all that infrastructure and resources built up an expansion should be easier than starting at zero.
Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe
#6It's interesting how a common tenet of startups is "build products, not features" -- and yet here's a very clear example of a "feature" that can be very successful.
It’s still good advice, if you simply tell people “build whatever you want” they are more likely to fail and usually it’s because of having a featureable business.
Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe
#7It's interesting how a common tenet of startups is "build products, not features" -- and yet here's a very clear example of a "feature" that can be very successful.
It's probably to get away with building a successful feature startup when it's just a hobby business.
Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe
#8Earlier quoted context omitted.
I believe that would be classified as a restricted business and disallowed by Stripe’s TOS. [1] 1. https://stripe.com/restricted-businesses
Sure, but after having all that infrastructure and resources built up an expansion should be easier than starting at zero.
Stripe is kind of analogous to a utility company here. They're an upstream provider. They don't care about what "infrastructure and resources" you've built. If you break the terms of service, they will cut you off, just like if you don't pay for your gas/electric you will quickly find yourself with a non-functional home, regardless of how fancy it is.
Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe
#9It's interesting how a common tenet of startups is "build products, not features" -- and yet here's a very clear example of a "feature" that can be very successful.
Well, isn't that advice also mostly given to founders aiming to create a potential ≈unicorn and not a lifestyle business like this?
Don't get me wrong, what this guy has done is impressive. Growing a company while staying profitable all the way, and being able to support himself is great. I would switch places with him (ex post facto) in a heart beat.
But still, this company will probably never be bought by anyone (besides maybe Stripe), and could very well exist for many years to come with 1-2 employees including the founder.
Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe
#10Isn't this just Square, but with cheaper processing fees (since Stripe is eating the bill)?