[HN Gopher] Ash HN: Best Micropayment Processor?
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       Ash HN: Best Micropayment Processor?
        
       I want to work on a project that allows for easily sharing
       paywalled links for the price of $1. It seems Stripe will take 30
       cents (plus transaction fees) on every dollar processed, and PayPal
       will take 49 cents, for credit card payments. Are there any cheaper
       alternatives out there?  I considered a workaround to use the Venmo
       API because it seems they only charge 3% for credit card
       processing. But are there any significant cons I should be aware of
       before building a SaaS on top of Venmo to facilitate high volumes
       of $1 payments?
        
       Author : ginkoutest
       Score  : 17 points
       Date   : 2023-10-08 17:18 UTC (5 hours ago)
        
       | leesalminen wrote:
       | This is going to be unpopular here, but Bitcoin's layer 2
       | Lightning Network is pretty ideal for micropayments.
       | 
       | Strike (strike.me) is a Venmo-like app that lets users connect
       | their bank account and then hold a USD balance. The only
       | difference is that users can use their USD to send Bitcoin to the
       | other end. They're not exposed to bitcoin's price volatility.
       | 
       | On nostr, users are sending micro tips to other each other fairly
       | successfully. The UX isn't great right now, but I recommend
       | trying it out- it is a functioning version of social micro
       | payments.
        
       | m_km wrote:
       | Both PayPal and Stripe have a separate 'micro transactions'
       | pricing that they will enable upon your request. Instead of
       | 2.9%+$0.30, they will charge you 5%+$0.05.
        
         | toast0 wrote:
         | No experience with Stripe, but PayPal's micropayment pricing
         | isn't available for as many countries as their normal credit
         | card pricing, and it's not guaranteed that they'll enable it if
         | you ask.
        
       | DamonHD wrote:
       | Debit cards should be cheaper than credit.
        
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       (page generated 2023-10-08 23:02 UTC)