The author(s) of the site could be sneaky and remove those who pay 99 cents multiple times, because they now have paid a sum that is different from 99 cents.
Per transaction fees in finance really suck. I struggle a little to understand why more merchants don't get rid of them.. as it still encourages cash for smaller transactions at shops.
Really confuses me. I guess they are smarter than me.
> I struggle a little to understand why more merchants don't get rid of them...
Why is this a struggle? The reason is obvious. Most individual merchants have little, if any, bargaining power. Once you get big enough, you can negotiate lower rates, but you will almost always pay a percentage per transaction. Encouraging cash isn't necessarily a good thing.
Some customers (like me) like the convenience of paying with a card. If a merchant doesn't accept credit cards, I probably won't make a purchase since I rarely carry cash.
I've never owned a store, but I imagine there have to be processors that charge only the percentage available to most states, even for small businesses. But maybe not?
I don't think the major EFPOS providers in New Zealand charge a per transaction fee, because most bars will let you ring up ever single drink individually if you want.
It's also really easy to screw over the merchant. Report the transaction as fraudulent, and they're out $20-30 over a dispute that's impossible to win.
Hello, I also offer a verification service. For only 40¢, if you give me a list of names, I'll tell you if that list does in fact contain the people who paid 99¢.
is there a list any where of these kind of internet novelty's and the speculation on their income?
i think it would be really interesting to see how often these come up and if there is an ideal interval between these to grab maximum attention/profit.
I'd love to know that too. I came up with http://www.ipaidthemost.com/ forever ago, and have yet to come across the right algorithm for how to get traction for it.
That's a blast from the past. I remember that page generating buzz and filling up with ads.
Go there now and click on some of them. Seems 80% of them are parked domains now, and the rest have been transferred to businesses that may or may not resemble the original one.
Yes. Yes it is. Your kickstarter commitment to this “worthy” cause is essentially saying you’ll be back with your $1.01 when we go live. And since $.99 was taken I had to go much higher.
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[ 0.26 ms ] story [ 123 ms ] threadIf parent had said this was a sustainable or reliable business model, that'd be a different story.
Obviously more than half will go to credit card companies.
You have to pay another 99 cents if you want an update after you've seen it once haha
Who paid 99 cents 2.0 supports paypal or something.
Really confuses me. I guess they are smarter than me.
Why is this a struggle? The reason is obvious. Most individual merchants have little, if any, bargaining power. Once you get big enough, you can negotiate lower rates, but you will almost always pay a percentage per transaction. Encouraging cash isn't necessarily a good thing.
Some customers (like me) like the convenience of paying with a card. If a merchant doesn't accept credit cards, I probably won't make a purchase since I rarely carry cash.
Ever had bad things happen? I have. Cash counts then. Payment processors not so much.
Now do not get me wrong. The processors are not doing anything wrong. I am not making a statement against them at all. Just not one for them.
Not a priority, put simply.
I don't think the major EFPOS providers in New Zealand charge a per transaction fee, because most bars will let you ring up ever single drink individually if you want.
New SaaS idea: verify that the parent comment is actually finding it out for you for a fee (for obviously less than 49c)
i think it would be really interesting to see how often these come up and if there is an ideal interval between these to grab maximum attention/profit.
like http://milliondollarhomepage.com/ twitch plays pokemon etc..
Go there now and click on some of them. Seems 80% of them are parked domains now, and the rest have been transferred to businesses that may or may not resemble the original one.
"Will Pay" is a completely different business model here, a riskier one.